Gov. Mike Parson of Missouri said that federal benefits helped in the past, but the payments now "worsened the workforce issues" that the state faced.
Morgan Stanley's wealth-management CIO says accelerated retirements, a growing skills gap, and geographic imbalances are adding to unemployment rates.
The OECD said US growth was already picking up, aided by President Joe Biden's $1.9 trillion stimulus package and the speedy rollout of vaccines.
The sectors that were hardest hit by the pandemic, such as travel, are rapidly improving as the economy bounces back, Goldman Sachs said.
"So I am not a Bitcoin supporter. I don't really care about Bitcoin. I know I'm going to get tons of emails after this," Dimon said in a new interview.
Total excess savings in the US amount to 12% of GDP and should cause a wave of spending as the economy reopens, Moody's Analytics said.
Goldman Sachs said US house prices are relatively affordable, but not everywhere, with the West Coast in particular remaining pricey.
It took more than three years for the US economy to recover its pre-crisis size after the 2008 crash, Commerzbank economists said.
Goldman said it was less worried than some of its peers about inflation, predicting that the economy would not reach full employment.
US bond yields rose sharply in European trading after the Fed decision, dealing a fresh blow to tech stocks.
The OECD said there "would be a clear immediate boost from stimulus payments to households" from the $1.9 trillion support package.
Economists at Goldman Sachs said they expect a "hiring boom" in 2021 to cut the unemployment rate as the economy reopens.
Deutsche Bank found survey respondents planned to put around 37% of any upcoming stimulus checks into stocks.
Pimco said $1.9 trillion in stimulus could boost inflation to above 2% over the next several years, but said prices are unlikely to rocket higher.
The US economy is set for “stellar” economic growth in 2021, Bank of America said in a note on Monday. The bank increased its 2021 US GDP growth estimate to 6.5% from 6.0% as it has become “more convinced” that the economy is set for a rebound after the COVID-19 […]
"The goods side of the economy is still riding high while the services side is waiting with bated breath to participate," Bank of America said.
The Treasury secretary pointed out that if the US unemployment rate is "properly measured" it's close to 10%.