U.S. Treasury Secretary Steven Munuchin and Federal Reserve Chair Jerome Powell testified before the hearing on the oversight of the House Financial Services Committee (Supreme-19) overseeing the Treasury Department and the Federal Reserve’s Coronavirus Disease (COVID-19). September 22, 2020. Joshua Roberts | Pool | Reuters Trade Secretary Steve Munuchin’s decision …
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New York, July 9, 2020 After a coronavirus outbreak (COVD-19) outbreak, a woman carries a shopping bag from Macy’s department store in Midnight Manhattan. Mike Seger | Reuters U.S. Retail sales rose less than expected in October and could slow further, preventing the new Covid-19 infection and leaving millions of …
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The Federal Reserve in its decision on Thursday set a short-term orrowing rate close to zero that showed the economy was growing but not as close as it was before the coronavirus epidemic hit. As per the broader expectation of the markets, the Fed kept its benchmark interest rate between …
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Minneapolis Federal Reserve President Neil Kashkari became the latest central banker to warn against further stimulus in the US economy, saying the cost behind doing anything could not be huge. As tensions escalate in Washington, Kashkari told CNBC that workers, businesses and governments need more cash from Congress. “There are …
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U.S. New orders for major capital goods created by the company increased more than expected in August and demand for the previous month was stronger than previous estimates, indicating that business spending on equipment continues to improve after a long-term decline. In a bullish report from the Commerce Department on …
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