Economists say a full recovery remains far off
Most of the decline is tied directly to the pandemic
The European economy may take longer to heal
There have been consecutive months of record-breaking gains and sales are up from a year ago
However, growing evidence suggests that sales could be slowing
Monthly data indicated the economy began to bounce back in June
The increase was about double what economists were expecting
Unemployment rate fell to 10.2% in July
Since the Fed's previous meeting in June, the pandemic's threat to the economy has appeared to worsen
Air travel expected to take an additional year to recover, but 10-year oilsands forecast relatively unaffected by pandemic