U.S. businesses add 183K jobs in sign of pre-virus health
U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread further around the globe. Payroll processor ADP said Wednesday that February’s hiring was down from 209,000 in the previous month. Manufacturing and mining firms shed jobs last month, while hiring in health care […]
Fed signals steady interest rates as economic risks lessen
The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent a new threat. In its semi-annual monetary policy report released Friday, the Fed did not […]
Fed signals steady interest rates as economic risks lessen
The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent a new threat. In its semi-annual monetary policy report released Friday, the Fed did not […]
What the Fed’s rate cut means for you
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans’ personal finances, experts say. That’s because the reduction doesn’t offset the increases of recent years. And as the key rate creeps closer to zero, financial institutions are less […]
What the Fed’s rate cut means for you
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans’ personal finances, experts say. That’s because the reduction doesn’t offset the increases of recent years. And as the key rate creeps closer to zero, financial institutions are less […]
Thanks to consumers, US economy is rising steadily if slowly
The U.S. economic landscape would look even bleaker if not for America’s consumers. The economy slowed in the spring, and many analysts think the weakness will continue in the months ahead. Yet consumer spending, which drives about 70 percent of growth, accelerated in the April-June quarter at the fastest pace in nearly five years. Households […]
Thanks to consumers, US economy is rising steadily if slowly
The U.S. economic landscape would look even bleaker if not for America’s consumers. The economy slowed in the spring, and many analysts think the weakness will continue in the months ahead. Yet consumer spending, which drives about 70 percent of growth, accelerated in the April-June quarter at the fastest pace in nearly five years. Households […]
Thanks to consumers, US economy is rising steadily if slowly
The U.S. economic landscape would look even bleaker if not for America’s consumers. The economy slowed in the spring, and many analysts think the weakness will continue in the months ahead. Yet consumer spending, which drives about 70 percent of growth, accelerated in the April-June quarter at the fastest pace in nearly five years. Households […]
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