At a meeting this week, the Fed will try to achieve a delicate balance between the wounded economy and roaring forecast.
Author: Paul Davidson, USA TODAY
From child care to school reopenings, $1.9T COVID relief package gives a financial lift to America’s struggling families
The $1.9T COVID relief package gives a big boost to struggling families through tax credits, child care assistance, aid to reopen schools and more.
These cities could become the biggest winners and losers as more Americans shift to remote work
The 5 metro areas that could gain the most and five that could lose the most from the shift to remote work
As restaurants hire and COVID cases fall, the U.S. economy gains 379,000 jobs in February
The economy added 379,000 jobs in February and unemployment fell to 6.2%
Is universal basic income closer to reality? Cities are already testing monthly checks for residents
Cities test guaranteed income for residents amid the pandemic’s job losses. Proposals in Congress provide similar benefits through tax credits.
Powell says economy is ‘a long way’ from Fed’s goals and central bank has no plans to raise interest rates or reduce bond purchases
Fed Chair Jerome Powell says the economy ‘is a long way’ from the Fed’s goals and the central bank will keep its key interest rate near zero.
The economy is suddenly spry, and historic gains are likely in 2021 even as COVID-19 damage lingers
Government stimulus, falling COVID-19 cases and the vaccine rollout are spurring economic growth and heralding bigger gains later this year.
Gas prices to increase as winter storm shuts refineries, disrupts product shipments. Is $3 fuel coming by summer?
Why have gas prices increased? Prices are rising because the winter storm shut down some Texas refineries. Analysts say $3 gas will return by summer.
Cities have permanently lost 400,000 jobs during COVID-19 pandemic as many shift to suburbs
Cities have lost 400,000 jobs during the pandemic, and it could be a long time before they return; many of those jobs have shifted to the suburbs.
Congress should lower top income threshold for COVID-19 stimulus checks, analysis shows
Reducing the income limit for married couples to receive a $2,800 stimulus check would target most of the 31 million who can’t pay bills, study says.