Federal Reserve Will Begin Buying Corporate Bonds
The Federal Reserve will begin buying “a broad and diversified portfolio of corporate bond”. Corporate bond purchases will be backed by up to $75...
Read moreInterest Rate Likely to Remain Near Zero til 2022, Fed Chairman Powell Announced Today
The Federal Funds Rate or Interest rate, which was lowered to zero in response to the COVID-19 pandemic, will likely remain near a rate...
Read moreEmployment in the U.S. Rose by 2.5 Million in May
Employment in the United States “rose by 2.5 million in May”, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate declined...
Read moreU.S. Trade Deficit with China Increases $9 Billion
The trade deficit with China increased $9.0 billion to $26 billion in the month of April. Exports to China in April increased $2.1 billion...
Read moreAmericans’ Income Grew 3.4% in 2018
Americans’ personal income grew 3.4 percent in 2018, after increasing 2.9 percent in 2017. Citizens in Wyoming experienced the greatest percent change increase in...
Read moreAlmost 40% of Households Making Less Than $40,000 a Year Lost Job in March
According to the Federal Reserve, “almost 40 percent of those in households making less than $40,000 a year had lost a job in March”....
Read moreConsumer Price Index for April sees Largest Monthly Decline since December 2008
The Consumer Price Index (CPI) declined 0.8 percent in April, “the largest monthly decline since December 2008″. April’s negative reading was led by gasoline prices decreasing...
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