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April 2020 Economic Update

Start Date:4/6/2020

Start Time:10:30 AM CDT

Duration:60 minutes


The US economy slowed dramatically between February and March, perhaps the most in a single month in the history of this country. Two questions hang over markets now. How much did the economy slow, and when will it recover? Join Chris for a discussion of the March employment report, the ISMs, and other early survey data, all of which provide clues to the extent of the slowdown. Also, we’ll look at trends in the spread of Covid-19 and measures taken by Congress through the CARES Act and by the Fed through half a dozen loan programs designed to keep the economy and markets functional, all of which are clues to the recovery.


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Chris Low

Chief Economist

FHN Financial

Chris Low has more than 30 years’ experience tracking US and global economies, financial markets, central banks, and fiscal policy. He is widely quoted in the print media and is a regular commentator on several television and radio business shows. Chris has been recognized multiple times by Bloomberg as the most accurate forecaster of Treasury note yields.

Jim Vogel

FHN Financial

Jim Vogel manages fixed income strategy and commentary at FHN Financial Capital Markets, including economic forecasting, sector and asset allocation strategy, and Treasuries. FHN Financial, a national fixed income dealer, has developed a strong reputation for its fixed income strategies through the last two decades. Its economics team has been widely recognized by the financial press for its accurate rate forecasts. Mr. Vogel coordinates FHN Financial’s daily commentary on the bond market, including his own notes throughout the day. The strategies group includes units in New York that cover economics and corporate credit and a team in Chicago responsible for mortgage securities. The headquarters in Memphis produces strategy for US Treasuries, Agencies, municipals, and derivatives. Based on his 25 years of published commentary, Mr. Vogel is quoted regularly on news developments in The Wall Street Journal, Bloomberg News, The New York Times, and The Washington Post in addition to numerous business news wire services. Mr. Vogel began work at First Horizon Bank 1979. Prior to joining Capital Markets in 1982, he worked three years in the corporate finance department of the Bank's parent company. While assistant treasurer, he was in charge of financial disclosure, performed merger and acquisition analysis, and served on the bank's asset/liability management committee. He graduated from the University of Missouri in 1977 and earned the CFA Charter in 1985.
April 2020 Economic Update
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