The Business News Week Ahead

Not measured in the week's data are the unfolding effects of a rising infection rate in the US, one that clouds what would otherwise be positive indications for a 'V' recovery. How much a return of restrictions could affect the US is certain to be key for the whole global recovery, underscored by the week's minutes from the June FOMC where staff economists, citing the possibility of a second wave, warned that pessimistic projections were no less plausible than the Fed's favorable baseline forecasts.