WASHINGTON (Reuters) – The US economy will recover more slowly than expected amid a surge in new cases of coronavirus across the country, and a broad second wave of the disease could cause economic pain to deepen again Federal Reserve officials warned Tuesday. FILE PHOTO: A pedestrian walks past a …
Read More »Fed officials warn of ‘thick fog’ looming for the US economy as recovery concerns deepen
WASHINGTON (Reuters) – The US economy will have a slower-than-expected recovery amid a surge in new cases of coronavirus across the country, and a broad second wave of the disease could cause economic pain deepen again, Federal Reserve officials warned Tuesday. . FILE PHOTO: The Federal Reserve Board building on …
Read More »The United States Treasury will name small businesses that took pandemic aid, says 51.1 million jobs backed
WASHINGTON (Reuters) – The Trump administration said on Monday it was releasing the names of hundreds of thousands of companies that took money from a high-profile $ 660 billion pandemic aid program, allowing the public to see for the first time how Most of the cash was spent and it …
Read More »The Fed’s balance sheet shrinks further, and there are still no Main Street loans
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, on March 19, 2019. REUTERS / Leah Millis (Reuters) – The massive reserve of bonds and other assets of the US Federal Reserve fell for the third consecutive week to its smallest size since mid-May, …
Read More »Amid strong job growth in June, signs of a US recovery.
(Reuters) – The US economic recovery, After two months of faster-than-expected job gains, may stumble as a surge in new coronavirus infections prompts states to delay and, in some cases, reverse plans to allow stores to reopen and activities to resume. FILE PHOTO: Hundreds of people line up in front …
Read More »