Federal Reserve economist: 47M could lose jobs in Q2 due to virus
Job losses in the U.S. from the coronavirus could reach 47 million in the second quarter, with an unemployment rate of 32 percent, according to an analysis by the Federal Reserve Bank of St. Louis. “These are very large numbers by historical standards.....»»
St. Louis Fed economist: 47 million could lose their jobs in Q2 due to virus
Job losses in the U.S. from the coronavirus could reach 47 million in the second quarter with an unemployment rate of 32%, according to an analysis by the Federal Reserve Bank of St. Louis. “These are very large numbers by historical standards, bu.....»»
Maryland economic recovery gets boost with 13,100 jobs added in March
A Federal Reserve economist said Maryland's jobs report for March was "good" but "we're not out of the woods" yet when it comes to the economic recovery......»»
With virus war still raging, Fed peers out of the foxhole
The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices......»»
Market Extra: Here’s a breakdown of the Fed’s rescue programs to keep credit flowing during the coronavirus pandemic
The Federal Reserve is working to keep credit flowing in the U.S. and beyond as businesses shut down and millions of workers lose their jobs during the coronavirus crisis......»»
32% unemployment and 47 million out of work: The Fed just issued an alarming forecast for next quarter as coronavirus continues to spread
Associated Press More than 47 million Americans could lose their jobs in the second quarter amid the coronavirus pandemic, sending the unemployment rate to 32%, according to a recent study from the Federal Reserve Bank of St. Louis. I.....»»
Market Extra: Here’s a breakdown of the Fed’s expanded rescue programs to keep credit flowing during the pandemic
The Federal Reserve is working to keep credit flowing in the U.S. and beyond as global markets convulse, businesses board up, and workers lose jobs in the wake of the coronavirus pandemic......»»
Market Extra: Here’s a breakdown of the Fed’s rescue programs to keep credit flowing during the pandemic
The Federal Reserve is working to keep credit flowing in the U.S. and beyond as global markets convulse, businesses board up, and workers lose jobs in the wake of the coronavirus pandemic......»»
Markets could tank if the Fed doesn"t cut rates soon, and failure to do so could lead to a hard landing in 2025, chief economist says
Torsten Slok cautioned that the market could return to the environment that characterized 2022, when stocks plummeted into a brutal bear market. Federal Reserve Chairman Jer.....»»
Project Syndicate: The ghost of Arthur Burns haunts a complacent Federal Reserve that’s pouring fuel on the fires of inflation
In the early 1970s, the Fed chairman insisted that inflationary trends were transitory and best ignored. An economist who was there worries that today's Fed is making the same mistake......»»
The US labor market is stuck in a "deep hole" and needs more support, Minneapolis Fed president says
There's "some truth" to claims unemployment benefits disincentivize work, Neel Kashkari said, but childcare needs and virus fears also hurt hiring. Minneapolis Federal Reserve President Neel Kashkari participates in the Yahoo Fi.....»»
Market Snapshot: Dow, S&P 500 set for records as stock futures point mostly higher
Stock-index futures trade mostly higher Monday, after the Dow Jones Industrial Average and the S&P 500 ended last week at records following a disappointing jobs report that was seen keeping the Federal Reserve from tightening policy......»»
Market Snapshot: Stock futures struggle for direction after Dow, S&P 500 set records
Stock-index futures trade mixed Monday, after the Dow Jones Industrial Average and the S&P 500 ended last week at records following a disappointing jobs report that was seen keeping the Federal Reserve from tightening policy......»»
Monetary Policy At A Crossroad: Policymakers Need To Break Promise Of Easy Money To Avoid Boom-Bust
Monetary Policy At A Crossroad: Policymakers Need To Break Promise Of Easy Money To Avoid Boom-Bust Submitted by Joseph Carson, former chief economist at Alliance Bernstein The Federal Reserve's new policy approach is that policymakers wan.....»»
Bond Report: U.S. Treasury yields rise as jobs report brings forward Fed taper expectations
U.S. Treasury yields rose Friday after a stronger-than-expected jobs report brought forward expectations for the Federal Reserve to ease away from its accommodative stance......»»
Need to Know: The housing market already is on fire, and inflation will soon follow, this former Morgan Stanley economist argues
Inflation is set to surge just as the Federal Reserve thinks it will recede......»»
The Fed"s Dot Game: "Something Missing"
The Fed's Dot Game: "Something Missing" Submitted by Joseph Carson, former chief economist at Alliance Bernstein The Federal Reserve members' updated projections at the March 16-17 Federal Open Market Committee (FOM.....»»
: Sterling appears to be floating on hot air and vulnerable to a fall, warns this economist
A problem with the COVID-19 vaccine rollout or a change in strategy from the Federal Reserve could mean sterling is at risk......»»
How an inflation spike could force the Fed"s hand and send markets spinning, according to Morgan Stanley"s chief economist
Morgan Stanley's Chetan Ahya is concerned inflation could spike above the Fed's tolerance threshold by as soon as 2022, raising market volatility. Federal Reserve Chairman Jerome Powell gives a news conference as tr.....»»
Stocks open higher after sell-off as jobs data surprises to the upside
U.S. stocks opened higher on Friday after several days of intense selling prompted by concerns that stronger economic growth would cause the Federal Reserve to start norm.....»»
Don"t be fooled by the jobs report, the Federal Reserve isn"t hiking interest rates any time soon
The jobs report may be strong and the US economy may be recovering, but that doesn't mean the Fed is going to ease off the COVID crisis measures. Federal Reserve Chair Jerome Powell pre.....»»