U.S. Jobless Claims, Confidence in Fed, Fiscal Support: Eco Day

(Bloomberg) -- Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Jobless claims seem near a critical turning point, but it may be a Good Friday mirage, according to Bloomberg Economics’ Eliza Winger and Carl Riccadonna
• Americans’ confidence in the Federal Reserve’s leadership reached a 15-year high as the central bank moved aggressively to counter the crippling economic impact of the coronavirus pandemic
• The U.S. recession will be both the shortest and most severe in the post-WWII era, Bloomberg Economics analysis shows
• Central America to feel the pain of U.S. layoffs with money transfers declining
• Diverging fiscal support between rich and poor nations will widen inequality
• High frequency indicators may be the best way of measuring this recession
• China is studying ways that it could accelerate purchases of U.S. farm goods to meet its phase-one trade deal commitments
• Small businesses across Europe are facing collapse
• Europe’s economy suffered a massive blow in April when government restrictions to contain the coronavirus left companies scrambling to stay afloat.
• Finally, don’t miss this week’s episode of the Stephanomics podcast

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