The third round of stimulus checks helped, but millions of Americans are still struggling
While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling. Read more:
Powell says it's 'highly unlikely' the Fed will raise rates this year, despite stronger economy
"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."Read more:
Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal support
The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.Read more:
U.S. producer price index rose 1.0% in March, vs 0.5% increase expected
U.S. producer price index rose 1.0% in March, vs 0.5% increase expectedRead more:
Weekly jobless claims higher than expected
First-time claims for unemployment insurance were expected to total 694,000, according to economists surveyed by Dow Jones.Read more:
U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says
Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.Read more:
Fed's Brainard says the economy is improving but is still 'far from' where it needs to be
Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.Read more:
Fed officials say easy policy will stay in place until economic 'outcomes' are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.Read more:
Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
Dimon, 65, weighed in on a range of topics familiar to watchers of the country's most prominent banker.Read more: