Breaking News: Economy
Private Payrolls Decline By 2.76 Million In May, ADP Says, A Much Smaller Drop Than Feared
AMERICA - Published date: .
The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wi... Read more
GDP Is Now Projected To Fall Nearly 53% In The Second Quarter, According To A Fed Gauge
AMERICA - Published date: .
The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will w... Read more
Mortgage Demand From Homebuyers Shows Unexpectedly Strong And Quick Recovery, As Applications Spike 9% From A Year Ago
AMERICA - Published date: .
It's not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into t... Read more
Consumer Confidence Rises Unexpectedly In May As Economy Reopens
AMERICA - Published date: .
Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data from the Confer... Read more
Home Sales Dropped Nearly 18% In April, While Decline In Inventory Pushed Prices To A Record High
AMERICA - Published date: .
The economic fallout from the coronavirus hit the housing market hard in April. Read more
Jobless Claims Total 2.4 Million, Still Elevated Levels But A Declining Pace From Previous Weeks
AMERICA - Published date: .
The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straig... Read more
Fed Minutes Show Fears Of 'extraordinary Amount Of Uncertainty And Considerable Risks' Because Of Coronavirus
AMERICA - Published date: .
The meeting, which ended April 29, concluded with the central bank's policymaking arm holding steady on interest rates a... Read more
Dallas Fed President Robert Kaplan Says More Fiscal Help Will Be Needed, Including Aid To States
AMERICA - Published date: .
More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas... Read more
Weekly Mortgage Applications Point To A Remarkable Recovery In Homebuying
AMERICA - Published date: .
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite co... Read more
U.S. Housing Starts Fall Sharply In April
AMERICA - Published date: .
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to... Read more
Powell Says A Full Economic Recovery May Not Happen Without A Vaccine
AMERICA - Published date: .
The Fed noted that the recovery likely would depend on how Americans feel about their safety. Read more
Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression
AMERICA - Published date: .
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more
GDP Could Decline By 42% In The Second Quarter, According To The Atlanta Fed
AMERICA - Published date: .
The already dismal outlook for economic growth during the current period just got considerably worse. Read more
Industrial Production Plunges Unprecedented 11.2% In April
AMERICA - Published date: .
American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by t... Read more
Retail Sales Plunge A Record 16.4% In April, Far Worse Than Predicted
AMERICA - Published date: .
The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from a year... Read more
Weekly Jobless Claims Total 2.981 Million, Bringing Coronavirus Tally To 36.5 Million
AMERICA - Published date: .
The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis count to nearly 36.5 millio... Read more
Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible
AMERICA - Published date: .
Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more
Powell Says More Policy Help May Be Needed To Pull The US Out Of Economic Downturn
AMERICA - Published date: .
Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure... Read more
Powell Says The Federal Reserve Is Not Considering Negative Interest Rates
AMERICA - Published date: .
"I know there are fans of the policy, but for now it's not something that we're considering," the central bank chief sai... Read more
Watch Fed Chairman Jerome Powell Speak Live On The Economy
AMERICA - Published date: .
The focus of the speech is on the economy and the damage done during the coronavirus crisis. Read more