Hopes fade for now, for next round of US pandemic reliefInvestors’ hopes that Congress and the White House could soon offer more big support for the economy as it struggles through the pandemic have largely faded. Economists say the economy likely needs such aid after the expiration of the last round of supplemental unemployment benefits and other stimulus approved by Washington earlier this year. Uncertainty about the upcoming presidential election has also been pushing markets around. “It has markets somewhat unnerved that the prospects of a contested election are back in the mix,” he said. “There’s plenty of desire to get money out to people so I think it will happen one way or another in November.”-AP

Source: The Standard October 29, 2020 04:18 UTC