25
February 25, 2021
24
February 24, 2021
24
February 24, 2021
Powell: Economy is Long Way From Employment and Inflation Goals
Federal Reserve Chairman Jerome Powell assured reporters and lawmakers on Feb. 23 that the Fed will continue its easy monetary policy to spur the economy back to life as the U.S. continues its face-off against the coronavirus pandemic. Powell defended the central bank's actions to members of the Senate Banking Committee on Feb. 23. He has repeated this statement [...]
24
February 24, 2021
22
February 22, 2021
Home Sales Increase in January but Low Supply Continues
Sales of existing homes increased a mild 0.6% in January, according to data published by the National Association of Realtors (NAR) on Feb. 19. The increase marks two consecutive months of growth after pullback seen in the past year due to pandemic lockdowns. Around 1.04 million homes went up for sale at the end of January, a [...]
19
February 19, 2021
17
February 17, 2021
Retail Sales for January Surge with Stimulus Boost
U.S. retail sales for January rose a hefty 5.3% as stimulus checks provided consumers the necessary cash to shop for the 2020 holiday season, a reversal from several months of consecutive declines, according to a Feb. 17 release from the U.S. Census Bureau. “Consumer spending is firing on all cylinders,” James Knightley, an economist at ING Financial [...]
17
February 17, 2021
Bloomberg Tracker Highlights Demographic Gaps in Vaccine Distribution
Bloomberg’s COVID-19 vaccine demographics tracker has revealed that White and Asian populations are being vaccinated at a greater rate than Black and Hispanic populations, according to findings detailed in a Feb. 16 story. The publication’s weekly tracker has so far examined 27 states and two cities—New York City and Philadelphia—where race or ethnicity data is [...]
