US Economy

The path beyond this rocket-fueled year looks far less clear.

Cryptocurrencies are for making bets on price increases and haven’t reached the status of payment mechanisms, Powell said Wednesday

A bill proposed by Senate Democrats would put states on more equal footing relative to jobless benefits and expand the pool of recipients.

The U.S. should go ahead with President Biden’s plan to raise the federal minimum wage as a way to recover faster from the Covid crisis, the OECD said.

It was a mixed week for mortgage rates, which started high and then fell slightly, but the damage was done early.

The Fed has a “staggering” lack of diversity among its directors, according to a report Tuesday from a leading Washington think tank.

While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. Overall, 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved

The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

“I think it’s highly unlikely that we would raise rates anything like this year,” Powell told CBS’ “60 Minutes.”

Rishi Kapoor, co-CEO at Investcorp, said there appears to be “bipartisan acceptance” in the U.S. for an upgrade of the country’s infrastructure.

Georgia Gov. Brian Kemp praised the Augusta National Golf Club for not caving to the political pressures that have befallen the state recently.

“All the indicators that we see say that this housing market … [continues] to be hot, and there are a lot of reasons for that,” Zillow’s Susan Daimler said.

Homebuyers are facing the most competitive U.S. housing market in decades this spring

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Big bear markets have two triggers, according to Stan Druckenmiller: tightening monetary policy from the Federal Reserve and the onset of war.

Heavy competition for homes has sidelined some first-time buyers, especially in major markets, so here are the best places for home shopping.

Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

Psaki’s comments came as some GOP lawmakers have claimed the proposal would put money toward things that do not qualify as infrastructure.

Brainard said that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals.

Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.