The plan looks to give people $300 a week in relief, but states have the option to add another $100 if they so wish to bring the total figure to $400. However, there’s a real fear that the program could run out of money before it has any real impact.
The US Federal Reserve has once again raised the short-term interest rates in a move confirmed on Wednesday. This is now the 8th time since 2015 that the Fed raises the rates after years of historical lows.
Economists are becoming less confident about US economic growth in light of Trump’s trade and budget policies. The experts are also not convinced that the current gains coming from the GOP tax cuts will be sustainable.