breaking news
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
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
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
A Record 20.5 Million Jobs Were Lost In April As Unemployment Rate Jumps To 14.7%
AMERICA - Published date: .
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
AMERICA - Published date: .
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... Read more
Fed Vice Chair Clarida Says More Support May Be Needed, But Economy To Rebound Next Quarter
AMERICA - Published date: .
"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," ... Read more
Consumer Debt Hits New Record Of $14.3 Trillion
AMERICA - Published date: .
Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 tri... Read more
US Weekly Jobless Claims Hit 3.84 Million, Topping 30 Million Over The Last 6 Weeks
AMERICA - Published date: .
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total t... Read more
Fed Pledges To Keep Rates Near Zero Until Full Employment, Inflation Come Back
AMERICA - Published date: .
The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggr... Read more
US GDP Shrank 4.8% In The First Quarter Amid Biggest Contraction Since The Financial Crisis
AMERICA - Published date: .
This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
AMERICA - Published date: .
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
A 'U,' A 'V' Or Maybe A Nike Swoosh? Economists Try To Predict What A Recovery Will Look Like
AMERICA - Published date: .
As data points come in, they'll largely tell a story about the present and the near past. What they won't provide, at le... Read more