The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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A high drama is currently playing out in a small corner of the financial markets, perhaps the last place that any ordinary investor – as a Hollywood producer – might think to see. While many of the details are knee-jerk in financial market jargon, from short coverage to triple charges …
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U.S. Treasury revenue has rebounded to begin the week on Monday, after a few economic reports provided a mixed picture of the economy’s health. What do Treasurys do? The 10-year Treasury note yields TMUBMUSD10Y, 0.682% fell 2.3 basis points to 0.655%. Last week, the moderation period on Thursday hit an …
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Americans in August felt no better about the economy than about their own financial situation than they did in the previous month, reflecting broad concerns about the still-spreading coronavirus and the chance of a slow recovery, emerged from a new survey. The preliminary reading of the consumer sentiment survey in …
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