There is little agreement in Congress about another aid package, but the major goal of the Paycheck Protection Progam – helping businesses retain employees – seems to be shifting in the Senate. They might even ease PPP, with a new focus on helping small businesses survive and reopen.
Things are getting a better, at least in consumers’ minds. The May confidence index rose to 86.7 from April’s 85.7, and while the component for current conditions fell 1.9 points, future expectations rose 2.6 points. According to the report, the “free fall stopped in May.”