Economy

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

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.

"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.

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."

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

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

Fed's presence is distorting markets, squelching volatility, supporting stock price growth, and curbing Treasury yields at levels that do not reflect market sentiment.

Republican plan includes $333 billion in spending on business subsidies, including a revised version of the PPP.