Mortgages

Without a return of inflation, rate hikes are off the table, according to Charles Evans, president of the Federal Reserve Bank of Chicago.

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

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

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

Data released on Tuesday suggest the economy remains weakened by the impact of the coronavirus.

A second wave of coronavirus cases in the fall will probably push the U.S. unemployment rate higher again, Federal Reserve Bank of Minneapolis President Neel Kashkari said on Twitter.

The U.S. labor market has continued to heal at a relatively rapid rate through early June, St. Louis Federal Reserve researchers found, using real-time data that provides a more timely view than official government reports.

With interest rates on hold until the picture is clearer, the Summary of Economic Projections should take center stage.

Jobs added and the unemployment rate well below expectations suggest April may have been the bottom.

The ADP employment report was better than expected, but the real test will be Friday's employment report.