Economy
-
Weekly jobless claims drop to nearly their lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days…
Read More » -
Economic recovery could slow in Q4 after ‘steroid of fiscal stimulus’ fades, JPMorgan Asset Management says
Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas. BRIDGET BENNETT/AFP via Getty Images) While it appears…
Read More » -
A ‘blue wave’ in U.S. elections could bring forward Fed rate hikes, says Morgan Stanley
A Democratic sweep in the coming U.S. elections will likely unleash more fiscal stimulus, but it could also cause the…
Read More » -
Jobless claims were worse than expected amid slowdown in hiring
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job…
Read More » -
Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Years of low interest…
Read More » -
Fed officials worried that lack of help from Congress will threaten recovery, minutes show
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster…
Read More » -
Fed’s Kashkari warns that delaying stimulus will have ‘enormous consequences’
Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting more stimulus to the…
Read More » -
Trump’s ending of stimulus talks will mean a ‘much slower’ recovery, Fed’s Mester says
President Donald Trump’s announcement that no further stimulus talks will happen until after the November election will put a dent…
Read More » -
Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’
Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he…
Read More » -
Watch Fed Chair Jerome Powell talk rates, the economy and pandemic stimulus live
[The stream is slated to start at 10:40 a.m. ET. Please refresh the page if you do not see a…
Read More »