Featuring Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist

Listen on Apple Podcasts, Google Podcasts, Spotify or Soundcloud.


The U.S. gained nearly 5 million jobs in June, but that was before the latest COVID-19 outbreaks. Now, state re-opening plans are being put on hold, if not dialed back – with almost certain economic consequences. And yet, markets are partying like it’s 2019 – Dow Jones had its best quarter since 1987, Nasdaq hit a record high. But just how far will the Fed go to support the economy? And will markets get a reality check? Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist, shares his update on the U.S. economy.

 


The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe.

‡ For relevant conflicts disclosure, please visit our Disclosure Lookup Tool.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.