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- Markets: All three indexes closed lower (the Dow’s sixth-straight week) following the FOMC’s guidance on future interest rate hikes. Peloton shares fell to a record low yesterday with new CEO Barry McCarthy’s revival plan not inspiring confidence.
- Economy: The April jobs report showed a labor market that continues to chug along. US employers added a more-than-expected 428,000 jobs and the unemployment rate remained low at 3.6%. The economy has recovered almost 95% of the jobs lost due to Covid pandemic.
- Health Economics: https://www.r2library.com/Resource/Title/082610254
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COMMENTS APPRECIATED
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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: Barry McCarthy, covid, economy, FOMC, markets, Peloton | Leave a comment »