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What the Federal Reserve has done in the coronavirus crisis
3/31/2020 12:47 PM
The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases....(Read More
 
Bank of America: Coronavirus will not lead to any layoffs in 2020
3/31/2020 12:46 PM
While many across the U.S. are announcing layoffs and hiring freezes due to coronavirus, Bank of America claims they hired more than 2,000 new employees in March alone and raised their U.S. minimum hourly wage to $20. Vice chairman Anne Finucane reveals how the company protects the well-being of its 200,000+ employees while also maintaining busines...Read More
 
Trump calls for $2 trillion infrastructure bill to help economy during coronavirus crisis
3/31/2020 10:35 AM
President Donald Trump on Tuesday said the U.S. Congress should pass a $2 trillion spending plan to update the country"s roads, bridges and other infrastructure, calling for it to be included in the next bill lawmakers are currently drafting to respond to the coronavirus crisis, which they refer to as "Phase 4."...(Read More
 
The Economic Outlook
3/31/2020 10:34 AM
This is a healthcare crisis, and the economic outlook is based on presumptions about the course of the pandemic.  A key model suggests peak healthcare resource use will be around April 15th, but the peak will not be until May in many areas of the country.   Of course, this requires cooperation of the public. Before areas can start...Read More
 
U.S. unemployment offices sitting on mountain of pending claims
3/31/2020 9:21 AM
Last week"s record-setting U.S. jobless claims number will be quickly surpassed, economists and state officials predict, as local labor offices digest a pile of pending applications, and the new stimulus bill extends benefits to the self-employed....(read more)
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US consumer confidence drops in March to 120, vs 110 expected
3/31/2020 9:21 AM
US consumer confidence drops in March to 120, vs 110 expected<br/>https://www.cnbc.com/2020/03/31/us-consumer-confidence-march-2020.html...(read more)
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FDA authorizes use of new two-minute test kit for coronavirus
3/31/2020 9:00 AM
The U.S. Food and Drug Administration has authorized the emergency use of Bodysphere Inc"s test that can detect the coronavirus in nearly two minutes, the privately held company said on Tuesday....(read more)
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Home price gains were strong in January, says S&P Case-Shiller, before coronavirus hit US economy
3/31/2020 8:06 AM
The gains came before the coronavirus shut down much of the economy and the housing market. Now there are forecasts that home values will weaken significantly....(read more)
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Explainer: What the Federal Reserve has done in the coronavirus crisis
3/31/2020 7:18 AM
The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases....(Read More
 
CDC Director On Models For The Months To Come: "This Virus Is Going To Be With Us"
3/31/2020 7:12 AM
After weeks of keeping a low profile, the CDC"s Dr. Robert Redfield tells NPR that data will determine future recommendations for wearing masks or easing back on social distancing....(read more)
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Treasury yields rise, 10-year remains below 0.7% as coronavirus crisis deepens
3/31/2020 7:12 AM
U.S. government debt prices were slightly lower Tuesday morning, but the yield on the benchmark 10-year Treasury note remained below 0.7% as the coronavirus pandemic continues to spread....(read more)
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First U.S. military servicemember dies from coronavirus
3/30/2020 7:55 PM
The first U.S. military service member has died from the coronavirus, the Pentagon said on Monday, as it reported another sharp hike in the number of infected troops....(read more)
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TSA checkpoint travel numbers
3/30/2020 2:35 PM
The TSA is providing daily travel numbers . (ht @conorsen ) This is another measure that will be useful to track as the economy starts to reopen. Click on graph for larger image. This data shows the daily total traveler throughput from the TSA for 2019 (Blue) and 2020 (Red)....(rea...Read More
 
Bostic: Fed programs could be broadened if they have missed important parts of economy
3/30/2020 1:58 PM
As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded even further....(read more)
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Coronavirus drives U.S. March auto sales off a cliff
3/30/2020 1:49 PM
U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place....(read mo...Read More



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