Fed Chair Jerome Powell stressed the Fed’s commitment to lowering unemployment to pre-pandemic level and keeping the Fed’s key interest rate near zero.
Author: Christopher Rugaber, Associated Press
Fed keeps key interest rate near zero, maintains $120B in monthly bond purchases to hold down long-term rates
Fed keeps key interest rate near zero, maintains $120B a month in bond purchases and gives no sign of tapering them
US unemployment claims slip to still-high 787,000 as pandemic stunts economy
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic.
The wealth gap has grown despite record-long economic growth. Here’s why.
Middle-class and poorer Americans haven’t enjoyed the fruits of this record-long expansion compared with other economic recoveries.
Housing market 2019: US home prices rise at slowest pace in 6½ years
U.S. home prices rose 2.7%, the slowest pace in more than six years in March, a sign weaker sales are keeping a lid on housing market price increases.
Home prices are rising at the slowest pace in more than 6 years
U.S. home prices rose at their slowest pace in more than six years in January, as higher mortgage rates last year weighed on sales.
American businesses added 179,000 jobs last month, survey says
U.S. businesses hired new workers at a solid pace in November, adding 179,000 jobs, according to a private survey.