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Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the fe.....»»
Funds and faculty in great need at Orlando worker retraining programs
Billions of dollars in Covid-19 relief funds have fueled accelerated worker retraining programs offered by colleges, municipalities and nonprofits across Central Florida......»»
Krewson wants big stimulus sums for tax losses, infrastructure, vacancies
Outgoing St. Louis Mayor Lyda Krewson is offering suggestions for how the unprecedented amount of federal stimulus money coming to the city should be spent. The city expects to receive around $500 million, most of any municipality in the state. T.....»»
Orange County to use federal stimulus funds to boost local economy, help businesses and more
Orange County will use its latest federal Covid-19 stimulus funds to support local businesses and boost the region's economy. The county expects to get roughly $272 million from the recently approved American Rescue Plan, the $1.9 trillion coron.....»»
SEPTA expects to avoid layoffs, service cuts for now after $252M in Covid-19 relief funding
SEPTA officials expect to soon breathe a little easier with an estimated $252 million in additional federal relief funds coming to the beleaguered transit agency. The money comes from a federal Covid-19 relief package passed in December that inc.....»»
Nearly 300,000 jobless Ohioans will soon receive $300 weekly benefit boost as a result of federal stimulus
The legislation provides up to 11 weeks of additional $300 weekly unemployment benefits. The state expects to issue payments the third week in January......»»
US stocks trade mixed as investors weigh $900 billion stimulus package against renewed virus fears
The package includes $600 direct payments, $300 in additional federal unemployment benefits, and funds for the Paycheck .....»»
Chuck Schumer suggests Congress could vote on $900 billion stimulus package on Sunday after lawmakers break stalemate on Fed lending
The package is expected to include $600 stimulus checks, $300 federal unemployment benefits, funds for vaccine distribution, and small business aid. Senate Minority .....»»
The Fed buys $305 million of corporate-debt ETFs to kick off its groundbreaking relief program
Kevin Lamarque/Reuters The Federal Reserve's new corporate-credit facility took in $305 million worth of exchange-traded funds on the first day of its operation, according to data released Thursday. The central bank's ETF purchases helped push its .....»»
Fed"s credit operation launched, but job already done
The Federal Reserve's pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of keeping the credit market afloat......»»
Fed says it will start buying corporate bond ETFs in early May
The Federal Reserve said it would start buying corporate bond exchange-traded funds in early May, as it offered up further details on its planned purchases of debt from U.S. businesses on Monday. Soon after, the central bank will start pu.....»»
Coronavirus: Here"s what federal relief funds, grants the city expects to get
The city also may benefit from grants to Orange County......»»
Unemployment funds could need federal bailout
Many states are at risk of burning through unemployment savings and relying on a federal bailout to give laid-off and quarantined workers benefits......»»
Market Snapshot: U.S. stock-index futures lower after ECB rolls out stimulus and Fed backstops money markets
Stock-index futures trade lower in seesaw price action after the European Central Bank late Wednesday rolled out an expanded asset-purchase program and the Federal Reserve announced a facility to backstop money-market mutual funds.....»»
Dirt toss: Construction begins on $1.4B mixed-use project
A mixed-use project — one of the biggest proposed developments in Central Florida based on construction costs — has started site work. Orlando-based developer City Center West Orange LLC expects to complete the first phase of the eponymous, $1 bi.....»»
Fed looking into central bank digital coins, Brainard says
The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said on Wednesday......»»
Fed expects interest rates to hold steady for "a time," minutes reveal
In December, the FOMC voted unanimously to hold the benchmark federal funds rate steady at 1.5 percent to 1.75 this year......»»
Matson Expects $30 Million Benefit In 2020 From Investments
Matson Inc. (NYSE: MATX) said that in 2020 it expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments and $40 million annually thereafte.....»»
Fed ‘repo’ plan could face fund manager resistance
Money market funds that are among the largest holders of Treasury bills say they are reluctant to sell them to the Federal Reserve, presenting an obstacle to the central bank as it seeks to increase the amount of cash in short-term lending markets......»»
Report: Feds provide about one-third of Florida funds
Florida, which has rebuffed attempts to expand Medicaid, is one of 26 states that saw a decline in the percentage of revenue it received from the federal government in 2017. Federal dollars totaled 32.8 percent of Florida’s revenue in 2017, a dip fr.....»»