Market Updates

Weekly Economic Update: August 31st, 2020

• Treasury yields exhibited little movement over the week as the two-year Treasury note decreased by one basis point to 0.16% while the five-year note remained constant at 0.26%.

• The Federal Reserve laid out its new framework for monetary policy putting emphasis on combating unemployment and allowing inflation to run above the 2% goal for some time before raising rates.

• With no continued fiscal stimulus coming out of Washington and lawmakers struggling to come to terms, consumer confidence fell to its lowest level in six years.

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