Breaking News: Economy
Coronavirus Delivers Record Blow To US Retail Sales In March
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U.S. retail sales for the month of March were expected to sink by 8.0%, after slipping 0.5% a month earlier. Read more
Here Is Everything The Fed Has Done To Save The Economy
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The Fed has acted while Congress has continued to squabble. Read more
The Fed Is On 'wartime' Footing And Still May Be Asked To Do More
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The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed. Read more
Federal Reserve Unveils Details Of $2.3 Trillion In Programs To Help Support The Economy
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The programs also direct expanded credit to small businesses, households and state and local governments. Read more
US Weekly Jobless Claims Jump By 6.6 Million And We've Now Lost 10% Of Workforce In Three Weeks
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That brings the total claims over the past three weeks to more than 16 million. Read more
Fed Will Keep Rates Near Zero Until Economy Has 'weathered' Coronavirus Impact, Minutes Show
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Not only did members believe it was important to use all their rate power now, but also that they intend to keep rates a... Read more
US Payrolls Plunge 701,000 In March Amid The Start Of A Job Market Collapse
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It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,00... Read more
US Services Sector Growth Slows Down In March, ISM Says
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Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data releas... Read more
US Weekly Jobless Claims Double To 6.6 Million
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First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by... Read more
Fed's Eric Rosengren Says The Central Bank 'acted Quickly' But Congress Will Need To Do More
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The Boston Fed president still expects big hits from coronavirus on the economy, particularly employment. Read more
March's ISM Manufacturing Index Is 49.1, Signaling Contraction As Coronavirus Hits Economy
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U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data rele... Read more
US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says
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The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more
US Consumer Sentiment Falls To Lowest Level In More Than 3 Years
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U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to d... Read more
US Consumer Spending Rose, Inflation Was Moderate In February
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U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the co... Read more
Jobless Claims Soar Past 3 Million To Record High
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The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read more
US Economy Grew At 2.1% Rate In Fourth Quarter
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The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the las... Read more
Former Fed Chairman Ben Bernanke Sees 'very Sharp' Recession, Followed By 'fairly Quick' Rebound
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Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, Read more
Fed's James Bullard Says After A Short-term 'unparalleled' Shock, Economy Will Boom Again
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The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket t... Read more
US Durable Goods Orders Unexpectedly Jump 1.2% In February
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New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict meas... Read more
Weekly Mortgage Applications Tank 29% As Coronavirus Sidelines Homebuyers
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A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to ... Read more