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The Economy Is Running on a Stimulus-Fueled Caffeine High. What Will Happen When It Wears Off?
The path beyond this rocket-fueled year looks far less clear.
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As Coinbase Debuts, Powell Calls Cryptocurrencies ‘Vehicles for Speculation'
Cryptocurrencies are for making bets on price increases and haven’t reached the status of payment mechanisms, Powell said Wednesday
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Senate Bill Would Expand Unemployment Benefits and Pay $250 a Week to Gig Workers
A bill proposed by Senate Democrats would put states on more equal footing relative to jobless benefits and expand the pool of recipients.
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OECD Backs Biden's Plan to Raise the Minimum Wage
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.
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Mortgage Refinance Demand Hits Lowest Level in Over a Year, and Homebuyers Retreat, Too
It was a mixed week for mortgage rates, which started high and then fell slightly, but the damage was done early.
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The Fed Is ‘Overwhelmingly' White and Male and Needs to Change, Study Says
The Fed has a “staggering” lack of diversity among its directors, according to a report Tuesday from a leading Washington think tank.
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Poll: 15% of Americans Worse Off a Year Into Pandemic
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
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Consumer Prices Rise More Than Expected, Pushed by 9.1% Jump in Gasoline
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.
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Powell Says It's ‘Highly Unlikely' the Fed Will Raise Rates This Year, Despite Stronger Economy
“I think it’s highly unlikely that we would raise rates anything like this year,” Powell told CBS’ “60 Minutes.”
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Middle East Investor Seeks U.S. Opportunities as Biden Pushes Infrastructure Plan
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.
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Georgia Gov. Kemp Cheers Augusta National for ‘Not Getting Involved in Politics'
Georgia Gov. Brian Kemp praised the Augusta National Golf Club for not caving to the political pressures that have befallen the state recently.
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Zillow President Expects Increase in Home Listings as Covid Certainty Improves
“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.
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Ready to Buy a Home? the Trick Is Finding Or Affording One
Homebuyers are facing the most competitive U.S. housing market in decades this spring
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U.S. Producer Price Index Rose 1.0% in March, Vs 0.5% Increase Expected
This is breaking news. Please check back for updates.
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Ron Insana: This Is Why Higher Taxes Won't Incite a Bear Market
Big bear markets have two triggers, according to Stan Druckenmiller: tightening monetary policy from the Federal Reserve and the onset of war.
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These Are 2021's Best Cities for First-Time Homebuyers
Heavy competition for homes has sidelined some first-time buyers, especially in major markets, so here are the best places for home shopping.
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Weekly Jobless Claims Higher Than Expected
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.
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Infrastructure Spending Bill Must Address 21st Century Challenges, Press Secretary Psaki Says
Psaki’s comments came as some GOP lawmakers have claimed the proposal would put money toward things that do not qualify as infrastructure.
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Fed's Brainard Says the Economy Is Improving But Is Still ‘Far From' Where It Needs to Be
Brainard said that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals.
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Fed Officials Say Easy Policy Will Stay in Place Until Economic ‘Outcomes' Are Achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.