WAS SHINGTON (Reuters) – U.S. Job Growth Probably. It will slow further in August, as financial aid from the government is threatening the recovery of the economy from the Covid-19 recession. File photo: Hundreds flee Frank outside the Kentucky Career Center, June 18, 2020 in Frankfurt, Kentucky, USA. In hopes …
Read More »United States consumer spending continues; declining revenue poses a challenge
WASHINGTON (Reuters) – US consumer spending rose for the second month in a row in June, setting consumption for a third-quarter rebound, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. Concerns about skyrocketing coronavirus infections and expiring unemployment benefits …
Read More »The Fed chief says the surge in the coronavirus slows down the US economic recovery.
(Reuters) – The rise in coronavirus cases in the United States is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, vowing that the United States central bank “will do what we can, and for as long as necessary. ” “To limit damage and …
Read More »The Fed chief says the surge in the coronavirus slows down the US economic recovery.
(Reuters) – The rise in coronavirus cases in the United States is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, vowing that the United States central bank “will do what we can, and for as long as necessary. ” “To limit damage and …
Read More »The Fed chief says the increase in the coronavirus begins to affect the US economic recovery.
(Reuters) – The rise in US coronavirus cases and restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, signaling an apparent setback by consumers and a slowdown in the rehire of laid off workers, particularly for small …
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