Edition:
United States

Dan Burns

U.S. Black-white unemployment rate gap widens again in July

Aug 07 2020

The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed.

U.S. Black-white unemployment rate gap widens again in July

Aug 07 2020

The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed.

Fed's Main Street adds $13 mln in loans, discloses early borrowers

Aug 06 2020

Aug 6 The Federal Reserve added another $13 million in loans in the latest week under its new Main Street Lending Program for U.S. small and midsize businesses struggling during the coronavirus pandemic, and the central bank disclosed the largest loan so far went to a resort in Pennsylvania's Pocono Mountains.

U.S. Treasury seeks dealer input on possible Treasury auction tweaks

Jul 17 2020

The U.S. Treasury has asked primary dealers for their input on whether it should make technical adjustments to its Treasury note and bond auction schedules in light of the massive run up in debt issuance to pay for COVID-19 emergency relief programs.

Fed balance sheet below $7 trillion, repo drops to zero for first time since September

Jul 09 2020

The U.S. Federal Reserve's holdings of bonds and other assets shrank for a fourth straight week, sliding below $7 trillion, and use of one key emergency liquidity measure dropped to zero in the latest sign that financial stresses that erupted early in the coronavirus pandemic have eased.

Global dollar crunch appears over as central banks rely less on Fed backstop

Jun 22 2020

A global crunch for U.S. dollars that was a hallmark of the early moments of the coronavirus crisis appears to have passed, the latest milestone in a remarkable turnaround in financial conditions engineered by the Federal Reserve and other top central banks.

May flowers: Where the U.S. retail blooms are and are not

Jun 17 2020

No denying May's $73 billion rebound in U.S. retail sales was an eye-popper and is the latest fodder to fuel the red-hot "V" vs "U" debate about what kind of recovery to expect from the COVID-19 recession.

In rescue effort, Fed has broad stake in corporate America's fortunes

May 29 2020

The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $1.3 billion of bond funds with debt issued by firms in all walks of the world's biggest economy, from Apple Inc to a clutch of companies in bankruptcy.

All 50 U.S. states shed jobs in April: Labor Department

May 22 2020

Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.

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