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The Labor Department said Wednesday that the consumer prices rose 0.5% last month, slowing from June’s 0.9% increase.
READ MOREThe bipartisan $1 trillion infrastructure bill that recently passed in the Senate will boost GDP just marginally because it includes only $550 billion in new spending to be disbursed over five to eight years, much of which will be paid for with higher taxes. Through 2029 this spending should boost GDP by, at most, 0.30%/year.
READ MORENonfarm payrolls increased by 943,000 workers in July as the unemployment rate fell to 5.4%, the Labor Department said Friday. Analysts were expecting 870,000 jobs gained and the unemployment rate to fall to 5.7%.
READ MOREThe U.S. economy added 330,000 private-sector jobs last month, a decline from the downwardly revised 680,000 jobs gained in June, according to the ADP National Employment Report released Wednesday. U.S. stocks slipped across the board as investors weighed a slowdown in hiring as reported by ADP. The data is often viewed a precursor to the
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READ MOREThe Federal Reserve will provide up to $2.3 trillion of loans to further support the economy, the central bank said Thursday. The so-called Main Street Lending Program will provide support to households and businesses of all sizes and help governments deliver critical services to combat disruptions caused by the COVID-19 pandemic.
READ MOREThe number of Americans filing for unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses around the country to shutter their doors. The number eclipsed the previous record of 695,000 set in 1982 and is well above the levels seen in the midst of the 2008 financial crisis, the
READ MOREIn a dramatic step Sunday meant to make borrowing as cheap as possible for American households and businesses as the coronavirus brings the U.S. economy to a near standstill, The Federal Reserve made its second emergency cut in two weeks, slashing 1% off its benchmark rate, and renewed a program to buy $500B in Treasury
READ MOREFederal reserve announces $1 trillion in 3-month repo over two days, and officially starts purchasing coupon Treasuries as part of its POMO operations.
READ MOREU.S. creates just 130,000 new jobs in August, keeping Fed on track to cut rates The economy created just 130,000 new jobs in August, offering more evidence that hiring has slowed in 2019. Most Americans who want a job can find one, however, and the 3.7% unemployment rate is near a 50-year low. The
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