Analysts have long predicted economic activity will pick up as more people are vaccinated, but hopes for a quick path to a fully immunized populace have faded amid vaccine shortages
The United States remains about 9 million jobs short of where it was a year ago
Reducing central bankers to caricatures risks missing the big picture. These days, policy makers have to be more nimble
The new projections from the office, which is nonpartisan and issues regular budgetary and economic forecasts, are an improvement from the office's forecasts last summer
The United States has been devastated by COVID-19, with more than 26 million Americans infected so far, and more than 441,000 dying in total
Monetary policy likely on hold for foreseeable future; Fed chief Powell says vaccination program key to economy
The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78
Mounting coronavirus cases and caution ahead of the U.S. Federal Reserve's policy meeting this week also dulled appetite for risk
Bloomberg's Fear-Greed indicator for the MSCI developing-nation stock gauge climbed to its highest in almost a decade, a sign that gains may have been excessive
Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level
Monetary base issued by the Fed had jumped from less than $1 trn before the GFC to more than $3 trn by early 2020 and then to about $5 trn by end of the year. But inflation has hardly gone up. Why?
It seems intuitively obvious that easy money would find its way into stocks, but evidence on the ground is too thin
Analysts are penciling in faster economic growth now that vaccines are rolling out and with a Congress now controlled by Democrats more open to big government spending than Republicans typically are
With the US economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said
Powell promised that would be the case with the current purchases as well.
One US Federal official says there is now a "clearer focus" about the economy's path forward and a horizon for a fuller recovery. Another says the pandemic's "endgame" is here
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see
The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets
WASHINGTON (Reuters) -The Federal Reserve was nearly unanimous in its decision last month to leave its bond-buying program unchanged, but left a wide berth for officials to decide in the future if and when changes should be made, according to minutes of the U.S. central bank's December policy meeting.
The order directs the bank to adopt a formal plan to overhaul its policies within 90 days to ensure it is appropriately monitoring for illicit activity