Fed Signals Bond-Buying Taper Coming Soon
The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."
Powell Remains Cautious on Stimulus ‘Tapering’
The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
Executive Optimism Hits Three-Year High
“What we’re seeing is a broad expectation that things will really open up in the second half of the year."
Stimulus Checks, Vaccines Fuel Executive Optimism
An AICPA survey finds "a resurgent sense of optimism about the economy overall, despite the deep pain that remains in key sectors and industries."
Execs Fear Harm Without Further Economic Aid
But even amid the current surge in COVID-19 cases, an AICPA survey found executives had an improved outlook on the U.S. economy.
Fed Chair Jerome Powell Calls for More Stimulus
The central bank chair said fiscal stimulus is needed to help the economy recover from the effects of the coronavirus.
Senate GOP Unveils $1T Virus Stimulus Package
The proposal includes direct cash payments to Americans but Democrats say it unduly favors corporations.
U.S. Dollar Surge Continues on Virus Fears
"The strong U.S. dollar is slamming global capital markets like a sledgehammer today."
Democrats Balk at Trump Payroll Tax Proposal
“What they want to do is hit Social Security like a wrecking ball with a massive tax cut for the country’s biggest corporations."
ECB Leaves Rates Unchanged, Hints at Easing
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."