Disrupted by rising Covid-19 cases and persistent supply shortages, the US economy slowed to a 2%…
Tag: US economy
Superstar firms benefit more than others from cheap credit
Low real interest rates and the rise of so-called superstar firms have been two key features…
US unemployment drop signals ‘recovery is progressing’: Joe Biden
The US unemployment rate fell below five percent for the first time since March 2020, Joe…
Fed tapers off and signals rate could rise next year
The Fed’s rate-setting committee revised its post-meeting statement on Wednesday, saying it could begin reducing or…
Fed’s Powell says taper could start in November, end in mid-2022
Federal Reserve Chairman Jerome Powell said the central bank could begin easing asset purchases as early…
Income inequality is often by choice
Looking at the daily rush of people risking lives and limbs trying to enter the United…
How America got Kovid-19. cashed in on the economic response of
The initially pandemic-induced shutdown was the worst hit for the US economy since the Great Depression.…
For the Fed, inflation doesn’t matter…for now
When it comes to the Federal Reserve’s interest rate policy, what inflation is doing now matters…
Americans’ incomes to decline in 2020, Census data show
The new data, in an annual assessment of the nation’s financial well-being, provides insight into how…