860,000 JOBLESS CLAIMS IN LAST WEEK: THE U.S. DEPARTMENT OF LABOR

Highlights

• Last week’s jobless claims remained below the psychological 1 million mark and this is an encouraging sign

• The federal reserve on Wednesday decided to keep monetary policy loose for the immediate future and also make no changes to the interest rates

• Economists have expressed their fear about Washington’s failure to reach at a consensus on the new COVID-19 stimulus packag....