Dow futures tumble, Boeing posts record loss
Earnings are expected from Boeing, AT&T, Apple, Facebook and Tesla
Bond market watching for ongoing Fed reassurance on purchases
Fed Chair Jerome Powell said on Jan. 14 it is too early for the central bank to discuss changing its monthly bond purchases
Yellen passed the economic stability baton to Powell. Now, he’s handing it back.
The Fed spent 2020 combating the economic fallout of the coronavirus pandemic with interest-rate cuts, bond purchases and emergency lending programs.
Home sales have best year since 2006 with record-low mortgage rates
Sales of existing-homes hit a 14-year high in 2020.
Biden administration announces Janet Yellen's new staff at Treasury
The Biden administration announced a set of top Treasury Department staff appointments Wednesday evening, including a number of former Obama administration officials. They will work for Janet Yellen, whose confirmation as Treasury secretary is expected soon.
Trump's booming stock market in peril as Biden assumes presidency
The record-breaking stock market that President Elect Joe Biden will inherit from President Trump is in danger of post-Inauguration Day selloff, according to Wall Street strategists.
Fed's Powell says US economy may return to pre-crisis levels 'much sooner' than expected
Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year.
Fed survey finds economy slowing in some areas of country
The Fed's 12 regions reported modest gains in economic activity in recent weeks
Fed supported advance notice before changing bond purchases
The central bank is making the monthly bond buys to provide further help to an economy
Janet Yellen has made millions in speaking fees, records show: reports
If Janet Yellen wins Senate confirmation to become Joe Biden’s treasury secretary, she may find herself with a dramatic reduction in income.
US economy's wild ride during COVID pandemic gives clues for 2021
For the economy, 2021 should be a less volatile year.
Fed extends Main Street Lending Program
The Federal Reserve announced on Tuesday that it has extended the termination date of Main Street Lending Program facilities to Jan. 8, 2021.
Record low mortgage rates, homebuilders keep market hot
Homebuilders are blown away by the housing market's strength.
US dollar sinks under Fed's pledge to keep rates low during coronavirus swoon
The U.S. dollar on Thursday plunged to a more than 2.5-year low against a basket of its peers after the Federal Reserve pledged to keep interest rates low until the economy shows signs of a sustainable recovery.
Stocks futures gain on stimulus optimism
Traders will examine the latest jobless figures as well as housing starts
Fed chair says he’s met with Biden’s team, spoken to Yellen
Federal Reserve Chair Jerome Powell on Wednesday said he has been in contact with President-Elect Joe Biden’s transition team, including his predecessor at the central bank – Janet Yellen – who has been tapped to lead the Treasury Department.
Nasdaq hits record as Fed holds, coronavirus stimulus talks gain steam
The Fed is now more optimistic on the economy next year.
Powell worries US small businesses may not withstand final stretch of pandemic damage
The Fed chair said it would be “bad” to see people lose their livelihoods because they couldn’t make it through the last few months of the economic turmoil.
Fed holds rates near zero but expects economy to improve in 2021
The U.S. central bank, as widely expected, held the benchmark federal funds rate at a range between 0% and 0.25%, where it has been since mid-March.
Chair Powell's Q&A, market reaction: Recap
Fed Chair Powell wraps up a historical 2020 for policymakers.