The economy could take one to two years to rebound to full strength and the Federal Reserve and Congress, having already committed historic sums to fight the coronavirus pandemic, will have to commit trillions more, according to respondents to the CNBC Fed Survey. With the Federal Reserve’s balance sheet already at an unprecedented $6.45 trillion, […]
The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday. Initial claims totaled 1.54 million, compared to the 1.6 million expected from economists surveyed by Dow Jones and a plunge of 355,000 from the previous week’s total just […]
President Donald Trump signed a $484 billion coronavirus relief package into law Friday as Washington plans the next steps in its unprecedented attempt to rescue an economy and health-care system bludgeoned by the pandemic. The measure puts $370 billion into aid for small businesses trying to keep employees on the payroll as they temporarily shutter […]
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