While hopes that a new coronavirus stimulus deal will be adopted before the election are fading, there is a possibility that Americans won’t see paychecks for months from now, ex-Fed insider Danielle DiMartino Booth believes.
The lack of a new relief package will have consequences for the entire American economy, the analyst told Boom Bust. She explained that the lack of funds will have an impact on consumer spending during the coming holiday season, which is already expected to plunge to a four-year low.
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