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Stocks sink despite Friday’s report that hiring cooled in September

U.S. employers added 263,000 jobs last month — a modest decrease from the 315,000 jobs added in August.

By NPR

Here are 3 reasons why stocks are tanking

The Dow Jones Industrial Average lost nearly 1,000 points, while the S&P 500 lost more than 3%, with both indexes posting hefty losses for April.

By NPR

A key inflation gauge rose 5.8% in 2021, most in 39 years

A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982….

By The Associated Press

Fed survey: Economy rebounding, helped by stimulus, vaccines

The new survey released Wednesday showed that the Fed’s business contacts around the country were expressing more optimism about the economy’s outlook as activity accelerated.

By The Associated Press

Fed Chair Jerome Powell warns of long road ahead to recover millions of lost jobs

Federal Reserve Chairman Jerome Powell expressed cautious optimism that the economy will recover from the pandemic this year.

By NPR

Fed reports slowing US economic activity due to virus surge

The Fed is expected to maintain its ultra-low interest rates over the next three years. But it may also decide as soon as this month’s meeting to expand the support it is providing through its bond purchases.

By The Associated Press

Fed’s Jerome Powell: Jobless rate better than expected; recovery to take a long time

Under Powell’s leadership, the Fed has made unprecedented efforts to support the economy during the pandemic.

By NPR
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