Tag Archives: American economy

As America votes, Indian village prays for Kamala Harris

By: New York Times | New Delhi | Updated: November 3, 2020 10:17:06 pm Democratic vice presidential candidate Sen. Kamala Harris speaks at a campaign event in Las Vegas. (AP) Written by Jeffrey Gettleman and Suhasini Raj More than 13,000 kilometers from the White House, in an Indian village surrounded …

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US GDP rebounded to grow to a record 33% in the September quarter

However, recovery from the deepest recession since the Great Depression of the 1930s is far from complete. Thursday’s Commerce Department estimate of third-quarter growth recovered only about two-thirds of the production that was lost earlier this year when the economy essentially froze when safety orders forced restaurants, bars, and many …

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The Fed says rates will stay near zero for at least three years

The Federal Reserve left interest rates near zero, saying it would keep them there until at least 2023 to help the US economy recover from the coronavirus pandemic. The Federal Open Market Committee “hopes to maintain an accommodative monetary policy stance” until it achieves an average inflation of 2% over …

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