Consumer sentiment in the U.S. deteriorated by much more than initially estimated in the month of March, according to revised data released by the University of Michigan on Friday.
The Commerce Department released a report on Friday showing personal income in the U.S. increased more than expected in the month of February, while personal spending rose in line with economist estimates.
The Commerce Department released a report on Friday showing personal income in the U.S. increased more than expected in the month of February, while personal spending rose in line with economist estimates.
Fitch Ratings affirmed the sovereign ratings of the United States at 'AAA' with a stable outlook, citing its structural strengths.
However, the rating agency cautioned that high fiscal deficits and debt, which were rising even before the onset of the huge economic shock precipitated by the coronavirus...
Reflecting the shutdown of large swaths of the U.S. economy due to the coronavirus pandemic, the Labor Department released a report on Thursday showing a record spike in first-time claims for unemployment benefits in the week ended March 21st.
A report released by the Commerce Department on Thursday showed the increase in U.S. gross domestic product in the fourth quarter was unrevised from the previous estimate.
Reflecting the shutdown of large swaths of the U.S. economy due to the coronavirus pandemic, the Labor Department released a report on Thursday showing a record spike in first-time claims for unemployment benefits in the week ended March 21st.
A report released by the Commerce Department on Wednesday showed an unexpected increase in new orders for U.S. durable goods in the month of February. The Commerce Department said durable goods orders jumped by 1.2 percent in February after a revised uptick 0.1 percent in January.
A report released by the Commerce Department on Wednesday showed an unexpected increase in new orders for U.S. durable goods in the month of February.
After reporting a jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing home sales pulled back sharply in the month of February. The Commerce Department said new home sales tumbled by 4.4 percent to an annual rate of 765,000 in February after spiking by 10.5 percent to an upwardly revised rate of 800,000 in January.
Citing the tremendous hardship being caused by the coronavirus pandemic, the Federal Reserve on Monday announced extensive new measures to support the economy. The Fed said it is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time.
The US Federal Reserve on Friday announced a coordinated action with other five leading central banks to further boost the US dollar liquidity through swap facilities as the spread of the coronavirus, or Covid-19, pandemic and the consequent economic shock, triggered recession fears that are rattling markets.
The Federal Reserve will establish a temporary swap lines with other nine central banks as part of coordinated action to improve liquidity in the financial markets.
In a joint statement, the Fed said it will extend U.S. dollar liquidity arrangements with the Reserve Bank of Australia, the Banco Central...
The Federal Reserve on Wednesday decided to introduce a new lending facility to support the smooth flow of credit to households and businesses as the spread of coronavirus weighed heavily on the financial markets.
The board launched a Money Market Mutual Fund Liquidity Facility, or MMLF. This fund...