FHN Financial Economic Weekly


Chris Low, and Rebecca Kooshak
Retail Sales Rebound in Unexpected Places

This week’s data were mostly positive, with the glaring exception of the COVID case numbers, which are rising in enough states to put the pandemic back on the top of the headlines. “Failed” reopenings have rattled consumers, brought new social restrictions, and a second wave of economic slowdown. With that as a starting point, this week we offer the long view of the likely path of economic recovery and what it implies for jobs and the unemployment rate.

Plus "The Week Ahead," a preview of next week’s potentially market-moving events.

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