U.S. Economic News
April 27, 2020
U.S. News
According to the Wall Street Journal, residents in New York City and other major U.S. cities are planning rent strikes for May 1 to push for government relief for renters and small landlords experiencing hardship from the coronavirus crisis. Around one-third of U.S. households are renters, and just under 90% paid at least part of their April rent by the middle of last month, a lower rate than normal. WSJ
The Financial Times reports that Federal Reserve officials are unlikely to announce additional guidance on central bank actions to support the economy during the pandemic at the upcoming FOMC meeting this week. While some investors are calling for clearer guidance on the path of interest rates and duration of asset purchases, central bankers are likely to refrain from any new commitments while they consider whether or not additional measures – such as aggressive forward guidance or yield curve control – may be warranted. FT