Economy

News

U.S. Household Wealth Surged Despite Covid-19

Michael S. Fischer |

Wealthy and lower-income households gained, according to Fed data analyzed by ING.
Analysis

Robust Rebound for the U.S.

Aaron Rutstein |

The speed and consistency of the economic recovery will depend on political stability and continued vaccination progress.
News

Fed Chairman Vows to Keep Supporting Economic Recovery

Bernice Napach |

“The job is not done. ... We’ve got to get the pandemic under control so the U.S. economy can reopen,” Powell said.

Expert Opinion

Market Crash Coming in Two to Three Years

Jane Wollman Rusoff |

The economy is ‘already dead,’ and another round of stimulus won’t revive it, according to the “contrarian’s contrarian.”
News

Biden Extends Moratorium on Foreclosures, Mortgage Payment Deferrals

Bernice Napach |

The pause for foreclosures and for applications for mortgage payment forbearance runs through June 30.
News

U.S. Growth Forecasts Grow

Reade Pickert, Olivia Rockeman & Sarina Yoo |

A surge in consumer spending, due to pent-up demand during the pandemic, is expected to give the economy a significant bump later this year.
News

Fed Maintains Monetary Stimulus

Matthew Boesler |

“The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the FOMC said.
News

Small Businesses Are Facing ‘Economic War’

Ginger Szala |

Warren Buffett says the nation “owes it” to millions of small businesses to renew the PPP and “get us to the end of the tunnel.”
Analysis

Bets on Negative Interest Rates End with Capitulation

Ruth Carson & Greg Ritchie |

The U.S., U.K., and New Zealand no longer look likely to follow the Eurozone and Japan into negative-rate territory.
News

Senators Unveil $908 Billion Compromise Stimulus Package

Melanie Waddell |

Plan includes $748 billion in non-retroactive jobless benefits and a second round of Paycheck Protection Program loans for small businesses.

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Resources

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