March 5, 2020

WELL, GOOD: Data show U.S. economy on solid footing as coronavirus fears mount.

U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.

The economy’s solid fundamentals were also underscored by other data on Wednesday showing private payrolls increased more than expected in February.

Sad news for Democrats hoping for a recession to use against Trump, but good news for America.

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