Author: Educational Trades

Powell sees no interest rate hikes on the horizon as long as inflation stays low

Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for

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Jobless claims surge to highest weekly total since August

First-time claims for unemployment insurance were expected to total 800,000 last week, according to economists surveyed by Dow Jones.

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The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says

Federal Reserve Governor Lael Brainard said the figure underscores the importance of policy help for the economy.

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Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates

After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That

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Americans spent a record online over 2020 holidays, and more e-commerce gains are expected

Online shopping over the 2020 holidays in the United States grew 32.2% from 2019s, totaling $188.2 billion, according to

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Economy sees job loss in December for the first time since April as surging virus takes toll

Nonfarm payrolls were expected to increase by 50,000 in December, according to economists surveyed by Dow Jones

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Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says

The decrease of 123,000 provided a stark sign that the U.S. economy had cooled considerably heading into the end

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Cash in circulation is soaring, and that usually means good things for the economy

Currency in circulation soared at a rate unseen since World War II last year, providing what historically has been

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Mortgage demand from homebuyers pulled back sharply, even as rates ended 2020 near record low

The stunning surge in home buying demand, brought on by the coronavirus pandemic, may finally be easing up.

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