Millions of U.S. jobs will be lost years after Covid, IRS projections show
The Fed faces a ‘major challenge’ in making its new inflation strategy official
The US Federal Reserve will have to deal with a delicate balancing act if it opts for a more relaxed view of inflation, according to a former Federal Reserve governor. It comes as market participants look ahead to the final meeting minutes of the Fed, amid intense speculation the central …
Read More »5 things to know before the stock market opens August 12, 2020
1. Stock futures rally as Wall Street tries to bounce back from first loss in eight sessions US stock futures looked sharp Wednesday as traders attempted to recover from a tech-led pullback in the previous session. The futures of the Dow Jones Industrial Average were up 261 points, or almost …
Read More »Mortgage prices will fall further in the coming weeks
Interest costs fall for those who refinance their mortgage. getty Interest rates on mortgages are falling, but they will fall even more in the coming weeks, giving some 18 million homeowners the chance to save money by refinancing. Key interest rates fell sharply in the early days of the pandemic, …
Read More »Gold Prices Maintain Modest Gains as Federal Stays on Monetary Policy Steady
Editor’s Note: Let yourself be caught in minutes with our quick roundup of today’s must-read news and expert insights that moved precious metals and financial markets. Sign up here! (Kitco News) – The gold market continues to stay close to all-time highs and with some buying momentum lagging, the Federal …
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