Last week’s economic reports were limited due to closures connected with COVID-19 regulations. The Federal Reserve did not issue minutes for the most recent Federal Open Market Committee meeting as the meeting was canceled.


Michael Bock and Theresa NeSmith
Last week’s economic reports were limited due to closures connected with COVID-19 regulations. The Federal Reserve did not issue minutes for the most recent Federal Open Market Committee meeting as the meeting was canceled.
It can be a tremendous challenge to suddenly be stuck at home during the COVID-19 crisis. For those who are in an area of the country where there is a “shelter in place” order, this can feel very much like house arrest. If there are children stuck at home as well, this could be enough to make the entire family go stir crazy.
During the COVID-19 pandemic, it is more important than ever for everyone to make sure they act in the best interests of their local communities and the world as a whole. This means that everyone should follow the advice of the Centers for Disease Control and Prevention (CDC), practice social distancing measures, and obey all orders to shelter in place. When families are stuck at home, it is important to ensure the house is sanitized. This will prevent the spread of this dangerous virus. There are a few measures that everyone should take to make sure their home is as clean as possible.
Federal housing agencies and government-sponsored enterprises Fannie Mae and Freddie Mac are responding to the COVID-19 outbreak with multiple relief programs for homeowners experiencing hardship due to illness and job loss.
Last week’s economic reporting included readings on pending home sales, Case-Shiller Home Price Indices, and Bureau of Labor Statistics reports on national unemployment. Weekly readings on mortgage rates and first-time jobless claims were also released.
The COVID-19 (Coronavirus) pandemic has impacted every industry across the country. Many people are being asked to shelter in place and everyone has been asked to practice social distancing to try to curtail the spread of this deadly virus.
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