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1:16 p.m. Sept. 16, 2020 - By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
11:05 a.m. May 30, 2020 - By Joy Wiltermuth
We’re at month 2: Tracking the Fed’s efforts to keep credit flowing during the coronavirus pandemic New York’s MTA wants access to municipal facilityThe Federal Reserve is promising it has more firepower to use if a second wave of coronavirus infections hit the U.S., as more states unfurl plans to reopen after roughly two months of lockdowns.
3:51 a.m. April 20, 2020 - By Philip van Doorn
‘This is going to hurt’ — pain is on the way for the four big U.S. banks Earnings held up during the first quarter — it may not last as loan losses mountEarnings held up during the first quarter — it may not last as loan losses mount.
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