Patrick Harker, president of the US Federal Reserve in Philadelphia, said Thursday the central bank needn't worry about inflation getting in the way anytime soon.In a CNBC interview in the past few days, Harker repeatedly asked Fed officials whether...
Some market professionals see the frenzied short squeeces in GameStop and other stocks as a sign of bubble formation, but the Federal Reserve doesn't appear to be, and because of this, investors expect asset prices could continue to rise.Fed...
Robin Azougi 1st R, a licensed real estate seller with Douglas Elliman Real Estate, speaks to prospective buyers at a home for sale in Floral Park, Nassau County, New York on September 6, 2020.Wang Ying | Xinhua News...
Economic activity boomed in early 2021 as widespread vaccinations and more fuel from government spending helped bring the US closer to pre-Covid-19 levels, the Department of Commerce reported Thursday.The gross domestic product, the sum of all goods and services...
Initial unemployment insurance claims rose to 965,000 last week on signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday.The total was worse than Wall Street's estimate of 800,000 and above the previous week's...
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland.David Paul Morris | Bloomberg | Getty ImagesThe strong job gains in March were not enough to convince Cleveland Federal Reserve President Loretta Mester...
Federal Reserve Chairman Jerome Powell reiterated his commitment to keeping interest rates low for the foreseeable future, despite expressing hopes for a strong economic recovery."When it is time to raise interest rates, we will certainly do it, and that...
A house under construction can be seen on November 21, 2020 in Culver City, a neighborhood of Los Angeles.Chris Delmas | AFP | Getty ImagesAfter three months of record highs in a row, builders' confidence in the...
Homes in Memphis, Tennessee.Getty ImagesHouse prices are rising across the country, but the Covid pandemic is turning usual geographic trends on their head.Historically, house values ​​have risen the most in large cities on the coast, where supply is leaner...
The Federal Reserve has taken another step forward to ensure the financial system is protected from climate risks.As the central bank turns its attention to the matter, the Fed has set up a Financial Stability Climate Committee and a...

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