Federal Reserve

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession.

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A resurgent stock market and fiscal stimulus propelled the net worth of U.S. households to the highest level ever in the second quarter, despite a record drop in the previous three months caused by an economic shock from the pandemic.

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Mega-cap tech stocks led the Nasdaq lower.

The Thursday data includes jobless claims and building starts

The Federal Reserve concluded its final policy-setting meeting before the November presidential election on Wednesday with a renewed pledge to continue taking aggressive action to support the U.S. economy.

The Federal Reserve decision will be released Wednesday afternoon

Fed Chair Jerome Powell is due to hold a virtual news briefing following the decision

The sharp sell-off that began last Thursday has wiped out nearly 7.1% from the S&P 500 as of Tuesday

U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavrius pandemic had sent borrowing down sharply in the previous three months.

Right now the tilt toward deflation, not inflation, is the enemy of growth and Trump has been saying that for four years.

Investors are taking their cue from the retreating virus, and the recovering economy. There is plenty of optimism about the economy, no matter what Joe Biden tells you.

The Federal Reserve will need to roll out new efforts “in coming months” to help the economy overcome the impact of the coronavirus pandemic, according to Fed Governor Lael Brainard.

Federal Reserve Vice Chairman Richard Clarida’s comments come on the heels of a Fed announcement last week of a new strategy that will keep the benchmark federal funds rate near zero.

Investors will monitor income and spending numbers and a consumer sentiment report

The Federal Reserve updated is strategy to allow inflation to run above 2% target for "some time."

Discount retailers and PC makers will report earnings

The Federal Reserve has always operated under the policy of being ready to raise interest rates at the earliest signs of creeping inflation

The U.S. is economy is slowly on the mend, says Kansas City Federal Reserve President Esther George.