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New York Fed President Williams Says The Economy Won't Be Back To 'full Strength' By End Of 2020
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Areas such as construction should be the first to come back, John Williams told CNBC. Read more
Weekly Jobless Claims Hit 5.245 Million, Raising Monthly Loss To 22 Million Due To Coronavirus
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The most recent count represented a drop from the previous two weeks but still showed that the damage to the U.S. labor ... Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
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It wasn't supposed to work like this: The Federal Reserve was not going to have to come back and rescue the economy the ... Read more
Fed Beige Book Says Economy Contracted 'sharply And Abruptly' Due To Coronavirus
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Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as... Read more
New York Manufacturing Hits Record Low Reading Of -78.2 Amid Coronavirus Collapse
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The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double... 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 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
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
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
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
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
The Federal Reserve Just Pledged Asset Purchases With No Limit To Support Markets
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The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently amid the coronavir... Read more
Weekly Jobless Claims Jump To 281,000 Ahead Of Surge In Coronavirus Layoffs
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Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have ... Read more
