tag | Federal Reserve

Data this week showed the economy growing at the fastest pace in nearly two years from July to September.

The latest employment report from the Labor Department showed the country’s job market remained red hot

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

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.

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

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.

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

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.

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