U.S. Economy

Companies boosted wages for grocery workers and other employees in recent months to recognize their efforts.

President Trump's chief economic adviser Larry Kudlow has insisted that the U.S. could see a third-quarter economic growth rate as high as 20 percent.

The World Bank president says it's important for the global economy for the U.S. and other major economies to end their coronavirus lockdowns in order for poorer countries to not be crippled.

Demand and prices will continue to pick up as restaurants reopen across the country and the summer grilling season moves toward its peak. 

Unemployment could soar as high as 20 percent and end the year as high as 8 percent to 10 percent, the Dallas Fed president said.

Several states have started to navigate reopening from the coronavirus shutdowns.

Strikers are hoping to send a message en masse to government officials that will persuade them to cancel all rent and mortgage payments for the duration of the pandemic.

The crisis has walloped Americans financially, leaving 30 million workers out of a job.

A significantly larger number of federal relief loans from the Paycheck Protection Program reached small businesses in states with a bigger percentage of local banks

In the six weeks since widespread shutdowns began, more than 30 million Americans have lost their job

The U.S. central bank initially launched the lending program to help get money to small- and medium-sized businesses impacted by the coronavirus pandemic

Consumer spending has been a key driver of the U.S. economy in recent years

Economists expected 3.5 million Americans to apply for unemployment benefits last week.

Policymakers vowed to use their "tools and act as appropriate to support the economy"

The central bank has used its full firepower to insulate the economy from the coronavirus pandemic.

50 percent of Americans say they or someone in their household has lost a job

The liquidity and cash phase of relief, Kudlow said, is coming to an end. 

There’s doubt about whether the second wave of funding will be enough to cover demand.

Economists surveyed by Refinitiv expected the economy to decline by 4 percent.

The crisis has brought the global economy to a near standstill.