Edition:
United Kingdom

Dan Burns

UPDATE 1-U.S. economy recovering slowly, but some sectors struggling -Fed survey

21 Oct 2020

Oct 21 The U.S. economy continued to recover at a slight to modest pace through early October as consumers bought homes and increased spending, but the picture varied greatly from sector to sector, the Federal Reserve said on Wednesday.

Fed's Brainard calls for more fiscal aid for economy

21 Oct 2020

Despite a "heartening" bounceback from the initial hit to the U.S. economy delivered by the COVID-19 pandemic, the recovery is uneven and uncertain and will require continued support to ensure it becomes broadbased and sustainable, Federal Reserve Governor Lael Brainard said on Wednesday.

Consumer outlooks brightening more among Democrats than Republicans: UMich survey

16 Oct 2020

Democratic consumers gained ground on their Republican counterparts in their assessment of the economic outlook in early October as the race for the White House that appears increasingly to favor their candidate enters its final stretch.

Fast take: U.S. consumer inflation muted, just don't buy a used car

13 Oct 2020

U.S. consumers on balance paid only a little bit more for goods and services last month as supply chain disruptions that contributed to a bump up in inflation over the summer began to ease, a welcome respite for the millions who remain unemployed.

With no expectation of fiscal stimulus soon, Fed's Rosengren sees recovery hampered

08 Oct 2020

A likely absence of more federal aid for households and businesses this year and the extensive build up of corporate debt will weigh on the U.S. economic recovery from the recession triggered by the COVID-19 pandemic, the head of the Federal Reserve Bank of Boston said on Thursday.

U.S. weekly jobless claims inch lower, but remain stubbornly high

08 Oct 2020

The number of Americans filing new claims for jobless benefits inched down last week, signaling the U.S. labor market is making little fresh headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions.

U.S. Black-white joblessness gap narrows, but not for right reasons

02 Oct 2020

The gap in unemployment rates between Blacks and whites in the United States narrowed for the first time in five months in September, although largely for the wrong reasons.

U.S. Black-white joblessness gap narrows, but not for right reasons

02 Oct 2020

The gap in unemployment rates between Blacks and whites in the United States narrowed for the first time in five months in September, although largely for the wrong reasons.

Fed, Treasury chiefs back more aid for small business but leave details fuzzy

22 Sep 2020

Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus-triggered recession, but differed over how broad it might extend and the manner in which it should be delivered. | Video

Fed chief Powell slated for first of week's three congressional appearances

22 Sep 2020

Sept 22 U.S. Federal Reserve Chair Jerome Powell on Tuesday makes the first of three appearances on Capitol Hill this week to address lawmakers' questions and concerns about the raft of emergency measures the central bank has taken to blunt the hit to the economy delivered by the coronavirus pandemic.

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