12:41 p.m. Oct. 3, 2020
- By Keith Jurow
The COVID-19 lockdown is squeezing real estate from all sides and threatens to burst the housing and mortgage bubble Sooner or later, homeowners in this frothy U.S. housing market must pay the piperSooner or later, homeowners in this frothy U.S. housing market must pay the piper, writes Keith Jurow.
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.
3:31 p.m. Sept. 2, 2020
- By Jeffry Bartash
‘Uncertainty is extremely high ... amid layoffs, evictions, foreclosures and bankruptcies’ Fed’s Beige Book points to slower economic recovery The U.S. economy grew more slowly in August as anxiety over the coronvirus, the end of federal benefits and an increase in permanent job losses hindered the recovery, the Federal Reserve said Wednesday.
11:12 a.m. Aug. 29, 2020
- Associated Press
Too risky? Fed pressed to expand aid to some businesses Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businessesWith the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending program in a way that could bring more risk for the government and taxpayers. Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businesses.