economy

Fed is NOT Thinking V

The Fed kept rates steady. More interesting is the updated Fed’s projections for the economy. Below are a comparison of GDP growth (as percent of 2019 GDP) and the unemployment rate.

Comparison of Fed Projections

You can see even at the end of 2021 the Fed does not think we’ll be back to 2019 GDP. At the end of 2022 we won’t be back to 2019 unemployment.

These projections suggestion a very long recovery.

By Christopher Schwarz, ago

OC Memorial Day Spike

Here’s the updated data for OC COVID-19 cases, hospitalizations, and ICUs. As you can see, a big jump in cases at the end of the week. This is likely due to Memorial Day weekend activities.

OC Cases, Hospitalizations, ICUs, and Tests

By Christopher Schwarz, ago