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Mar 27, 2020
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.
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Mar 27, 2020
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19.
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Mar 27, 2020
Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic that has tanked markets and led to unprecedented layoffs of millions.
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Mar 27, 2020
U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to data from the University of Michigan.
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Mar 27, 2020
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.
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Mar 27, 2020
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
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Mar 27, 2020
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
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Mar 26, 2020
"We did in two weeks what it took the Fed eight months to do in 2009," hedge fund manager Paul Tudor Jones told CNBC.
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Mar 26, 2020
The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus.
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Mar 26, 2020
The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982.
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Mar 26, 2020
Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited by the coronavirus pandemic.
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Mar 25, 2020
Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has not yet been released.
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Mar 25, 2020
Bernanke told CNBC the Federal Reserve acted with appropriate force.
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Mar 25, 2020
New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict measures to contain the coronavirus pandemic sap demand and push the economy into recession.
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Mar 25, 2020
The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket to 30%, higher than it was even during the Great Depression.
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Mar 25, 2020
"The things that Democrats stood firm for, expanding unemployment, helping states and counties, investing in hospitals, transparency on the big fund" are now all included, the Delaware Democrat said on CNBC's "Squawk Box."
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Mar 25, 2020
Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has not yet been released.
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Mar 25, 2020
A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market.
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Mar 25, 2020
The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic shutdown caused by the coronavirus pandemic.
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Mar 23, 2020
The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis.
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Mar 22, 2020
Republicans last week rolled out a roughly $1 trillion proposal, which is a bid to slow the potentially catastrophic impact of the coronavirus on the economy.
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Mar 22, 2020
Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good old days.
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Mar 22, 2020
Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus.
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Mar 22, 2020
Part of a bipartisan stimulus effort will include joint efforts between the Treasury and Federal Reserve to get liquidity to businesses that need it, Mnuchin told Fox News Sunday.
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Mar 22, 2020
Shutdown measures must be coupled with massive federal government support to sustain the population through isolation and prime the economy to pick up where it left off, Bullard says.
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Mar 19, 2020
Thursday's spike in weekly jobless claims, considered the canary in the coal mine for labor, signals the start of a crush of layoffs.
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Mar 19, 2020
The founder of Bridgewater Associates also estimated the global corporate losses will amount to $12 trillion due to the pandemic.
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Mar 19, 2020
Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture
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Mar 19, 2020
"It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numbers before the crisis," said Pantheon Macroeconomics' Ian Shepherdson.
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Mar 19, 2020
Bank of America issued a dire warning to investors on Thursday: The recession is here.
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Mar 19, 2020
As the coronavirus outbreak threatens to bring U.S. economic activity to a grinding halt, American businesses are jockeying for a financial lifeline from the administration of President Donald Trump.
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Mar 18, 2020
The new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds.
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Mar 18, 2020
President Donald Trump on Wednesday signed a $100 billion coronavirus aid package into law which includes provisions for emergency paid leave for workers as well as free testing.
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Mar 18, 2020
The Fed is throwing all its fire power at markets, but interest rates continue to rise, a troubling sign when the economy looks set to slow.
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Mar 18, 2020
Detroit's Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country.
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Mar 18, 2020
"America will end as we know it. I'm sorry to say so, unless we take this option," Ackman said.
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Mar 18, 2020
The first wave of bad economic news directly related to the coronavirus crisis is likely to come from weekly jobless claims figures.
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Mar 18, 2020
U.S. homebuilding fell in February, pulled down by a sharp decline in the construction of multifamily housing units, and could continue to weaken as the coronavirus pandemic disrupts economic activity.
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Mar 18, 2020
A spike in interest rates abruptly ended the refinance boom, pushing mortgage application volume down 8.4%, the Mortgage Bankers Association said.
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Mar 18, 2020
U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the country's unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.
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Mar 18, 2020
Some of the biggest policy proposals so far include an announcement from Treasury Secretary Steve Mnuchin that the government is looking at mailing Americans cash assistance and legislation passed by the House of Representatives that provides paid sick leave to some American workers this year.
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Mar 17, 2020
The order from Democrat Steve Sisolak Tuesday night follows similar moves by more than 10 other governors as states scramble to mitigate the risk of exposure to COVID-19.
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Mar 17, 2020
Sanders also called for robust unemployment insurance, a moratorium on evictions and a waiver on all student loan payments.
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Mar 17, 2020
The double-barreled approach of a $1 trillion proposed fiscal stimulus program and Federal Reserve policy could help soften the blow of a recession.
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Mar 17, 2020
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, which will provide up to 90 days.
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Mar 17, 2020
Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government aid to fight the impact of the coronavirus.
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Mar 17, 2020
The White House is seeking a stimulus package worth anywhere from $850 billion to over $1 trillion in a bid to battle the economic impact from the coronavirus pandemic.
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Mar 17, 2020
Sandberg said on Tuesday that Facebook will do what it can to help its employees and small businesses manage through the coronavirus outbreak.
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Mar 17, 2020
"We're hiring every day," Kroger CEO Rodney McMullen told CNBC.
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Mar 17, 2020
"They want to be part of the solution this time," said one analyst.
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Mar 17, 2020
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper.
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Mar 17, 2020
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper.
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Mar 17, 2020
Retail sales fell 0.5% in February, indicating the consumer sector was slowing even before the coronavirus struck with force in the U.S.
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Mar 17, 2020
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy.
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Mar 17, 2020
Even if every American is given $1,000 to ride out the coronavirus crisis, it's still going to be difficult for the U.S. economy to stay afloat, said Andrew Levin, a former special advisor to the Federal Reserve Board.
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Mar 15, 2020
The Federal Reserve announced it will begin buying $200 billion of mortgage-backed bonds, a move that will stabilize and likely lower mortgage rates, which moved sharply higher last week.
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Mar 15, 2020
"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said.
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Mar 15, 2020
Goldman Sachs sees no economic growth for the U.S. as the coronavirus outbreak roils markets and business activity.
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Mar 15, 2020
The central bank chair said he is focusing on interest rates and other "liquidity tools" to keep credit flowing and financial markets operating properly.
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Mar 15, 2020
"We will maintain the rate at this level until we're confident that the economy has weathered recent events," Powell said.
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Mar 15, 2020
Treasury Secretary Steven Mnuchin is confident the U.S. economy will weather the downturn from the coronavirus outbreak.
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Mar 14, 2020
"Now the good news is not all bear markets occur in recessions," a strategist said.
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Mar 14, 2020
All the risk assessment and economic modeling in the world is futile if it can't anticipate the one variable that matters most - particularly if it's a pandemic.
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Mar 13, 2020
"The next eight weeks are critical," Trump said as he declared a national emergency over the coronavirus outbreak, freeing up as much as $50 billion for states' use.
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Mar 13, 2020
Trump said people with federal student debt won't have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
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Mar 13, 2020
Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people's student loan payments as part of a larger strategy to mitigate the economic consequences of the coronavirus.
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Mar 13, 2020
The United Auto Workers is in negotiations with Fiat Chrysler and other companies regarding compensation for quarantined employees being monitored for the coronavirus.
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Mar 13, 2020
President Trump plans to declare a national emergency over the coronavirus pandemic, according to administration officials who spoke to NBC News. The president has scheduled a 3 p.m. ET press conference.
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Mar 13, 2020
After falling to a record low just two weeks ago, mortgage rates are surging higher again. This comes as real estate agents try to deal with a new normal in what was supposed to be a busy spring housing market.
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Mar 13, 2020
"It seems appropriate to characterize it as a novel-global recession," said JPMorgan's chief economist.
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Mar 13, 2020
The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile time in the bond market, with yields sinking to historic lows amid rising liquidity concerns.
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Mar 13, 2020
"The Federal Reserve must FINALLY lower the Fed Rate to something comparable to their competitor Central Banks," Trump tweets, calling out Fed Chair Jerome Powell by name.
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Mar 13, 2020
S&P estimates roughly 50 million insured Americans will eventually get the new coronavirus.
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Mar 13, 2020
A payroll tax cut has not been included in the coronavirus aid package that is reportedly being finalized in negotiations between the White House and House Democrats.
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Mar 13, 2020
Wall Street is increasingly expecting the Fed to use more firepower next week and take interest rates back to the zero bound.
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Mar 13, 2020
The U.S. should follow Hong Kong's lead and give a cash handout to its citizens amid the coronavirus pandemic, a strategist told CNBC Friday.
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Mar 13, 2020
Mnuchin spoke Friday to CNBC's "Squawk on the Street" program.
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Mar 13, 2020
As the coronavirus spreads around the country, small business owners are beginning to feel early impacts such as supply-chain problems and lost sales.
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Mar 12, 2020
"They know nothing. We know more than they do, and that's not acceptable either," CNBC's Jim Cramer said.
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Mar 12, 2020
The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.
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Mar 12, 2020
The report came on the heels of data on Wednesday showing a surprise rise in consumer prices in February and steady increase in underlying inflation.
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Mar 11, 2020
Blinder said the cause of the current downturn is "fear of shopping" and being in public places where the COVID-19 strain can be spread.
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Mar 11, 2020
U.S. consumer prices increased slightly last month, driven higher by more expensive food.
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Mar 11, 2020
The escalating coronavirus outbreak is giving the U.S. Federal Reserve a policy headache like never before: how to judge the potential impact on the economy in the absence of reliable data on how fast the flu-like illness is spreading across the U.S.
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Mar 10, 2020
Investors should avoid getting too bearish after Monday's global market rout, according to Patrick Armstrong, chief investment officer of Plurimi Investment Managers.
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Mar 10, 2020
A range of banks and financial institutions have offered their worst-case scenarios for 2020, as the spread of the new coronavirus impacts the global economy and roils financial markets.
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Mar 09, 2020
The New York Federal Reserve said Monday it will increase the amount of money it is offering to banks for their short-term funding needs
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Mar 06, 2020
Larry Kudlow told CNBC on Friday that he doesn't want to "panic on policy measures" designed to combat the new coronavirus.
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Mar 06, 2020
Larry Kudlow, director of the National Economic Council, discussed the coronavirus outbreak Friday on CNBC's "Squawk on the Street."
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Mar 06, 2020
Bank of America created a list of possible recession triggers to monitor the state of the markets and the economy.
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Mar 06, 2020
The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate was 3.5%.
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Mar 06, 2020
The U.S. trade deficit narrowed more than expected in January as imports declined, and further decreases are likely as the coronavirus outbreak disrupts the flow of goods and services.
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Mar 06, 2020
The U.S. Federal Reserve lowered its benchmark rate by 50 basis points this week — and investors are expecting more.
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Mar 05, 2020
"Bond King" and DoubleLine Capital CEO Jeffrey Gundlach said that he believes the Federal Reserve panicked in cutting interest rates.
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Mar 05, 2020
The number of Americans filing for unemployment benefits fell last week, suggesting the labor market was on solid footing despite the coronavirus outbreak, which has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
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Mar 05, 2020
U.S. productivity in the fourth quarter was seen rising by 1.4%, in line with the prior reading.
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Mar 04, 2020
In the central bank's periodic report from its member districts, officials reported activity growing at a "modest to moderate pace."
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Mar 04, 2020
The report came a day after the Fed slashed its benchmark overnight interest rate by a half percentage point to a target range of 1.00% to 1.25%, in the U.S. central bank's first emergency rate cut since 2008 at the height of the financial crisis.
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Mar 04, 2020
Employment rose by 183,000 for the month, according to a report Wednesday from Moody's Analytics that topped the 155,000 that economists surveyed by Dow Jones expected.
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