Economic indicators

Although economic activity increased, an uncertain outlook clouds the future.

Uncertainty makes downside risks prevalent, and the Fed will need to be accommodative when the crisis ends, according to Lael Brainard.

Some are underestimating the recovery, but challenges continue, analysts say.

While claims are dropping slowly, levels remain higher than before the pandemic and could go up, according to analysts.

They contribute more than $77 billion annually, or 9.4% of city economic output, according to the city comptroller.

Analysts remained concerned about the employment numbers as some states had to postpone or reverse some reopening plans.

Both the June jobs report and newest jobless claims report came in better than expected as the U.S. economy continues to improve.

The minutes from the Federal Open Market Committee's June meeting were released on Wednesday and there was much discussion about yield curve control.

With interest rates expected to stay near zero for the foreseeable future, the market expects the Fed to implement yield curve control.

Pending home sales appear to be reversing the coronavirus-related downturn.