Fed Chair Powell says risks of passing a stimulus that’s too small are more dire than a package that’s excessive. A large relief measure will strengthen recovery.
Author: Paul Davidson, USA TODAY
Stock futures rise amid news of Trump’s improvement in COVID-19 fight
Stock futures rise on optimistic reports about Trump’s COVID-19 battle.
US economy adds a disappointing 661,000 jobs last month in final employment report ahead of Election Day
The economy added 661,000 jobs in September as some states continued to let businesses reopen, others stayed cautious amid COVID-19 spikes.
Trump says economic recovery is V-shaped, Biden says it’s a K. Who’s right and what does it mean?
In Tuesday’s debate, Trump said the economic recovery is V-shaped while Biden said it’s a K. Who’s right and what do the letters mean anyway?
Fed vows to keep rates near zero until inflation tops 2%, likely maintaining rock-bottom rates for 4 to 5 years
The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining rock-bottom rates for 4 or 5 more years
More workers hit with pay cuts than in last recession, and stagnant wages could linger
Many U.S. workers have been socked by cuts in hours or pay during the pandemic. The effects could linger in meager wage growth for years.
Another 857,000 workers file for unemployment as layoffs persist amid COVID-19 pandemic
857K more workers sought unemployment last weeks as layoffs persist during COVID-19 crisis
Economy added 1.4M jobs in August as unemployment fell to 8.4% amid persistent COVID-19 outbreaks
The U.S. economy added 1.4M jobs in August as COVID-19 cases remained high in some hot-spot states while others continued to reopen as outbreaks eased
Unemployment claims figures could be much lower because of new seasonal adjustment approach
Unemployment claims for last week and going forward could be lower because of a new seasonal adjustment method
Coronavirus pandemic likely to leave legacy of fear and uncertainty that holds back economy for decades
The COVID-19 crisis is creating fear and uncertainty that could dampen investment and economic growth for up to 70 years, a study finds.