Powell and Mnuchin voice optimism but back more economic aid
Both officials stressed that major sectors of the economy are still suffering
- September 22, 2020 September 22, 2020
- 14:03
Both officials stressed that major sectors of the economy are still suffering
Used car prices surged by the largest amount in 51 years
July gain marked third monthly increase in consumer spending
The central bank will tolerate a higher level of inflation than it generally has in the past
Americans who have applied for unemployment has topped 1 million for 19 straight weeks
The decline in GDP in Q2 marked the sharpest such drop on record
Reading fell from June but remains above the April low
Increase in CPI follows three straight months of declines
The change will allow banks to make investments in various areas of venture capital
The 5% drop was the sharpest quarterly decline since Q4 of 2008