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Atlanta Fed president, Raphael Bostic, was out with some comments in the last hour saying that the strain in the housing market is not as severe as expected.

Additional quotes:

  • The Fed’s lending facilities have eased the strain on markets.
  • Much of the US economy is based on confidence.
  • Seeing signals of increased business and consumer concerns.
  • Businesses are examining ways to automate and reduce workers.
  • Businesses are getting nervous again and worried that the virus has been going on longer than they had planned for.