Fed’s Kaplan Says Strong Virus-Testing Regime Needed to Boost Confidence

The U.S. will need a strong regime to test, trace and quarantine cases of the new coronavirus to ensure a stronger rebound in employment and…

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Federal Reserve Discloses Holdings of $1.3 Billion in Exchange-Traded Funds

The Federal Reserve’s first $1.3 billion of purchases of exchange-traded funds that invest in corporate bonds show that funds that focus on buying non-investment grade…

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Federal Reserve Ramps Up Deliberations on Asset Purchases, Rate Guidance

Federal Reserve officials head into their next policy meeting deliberating how to assist an economy in a deeper hole than it faced after the 2008…

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Consumer Spending Fell a Record 13.6% in April

U.S. consumer spending, the U.S. economy’s main engine, fell by a record 13.6% in April during coronavirus lockdowns, but there are signs that purchasing is…

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Easing Unemployment Claims Show Slower Pace of Coronavirus-Related Layoffs

U.S. workers filed fewer unemployment applications for the eighth straight week, but the level of claims remained 10 times higher than before the coronavirus pandemic.…

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U.S. Economy Contracted 5% in First Quarter, Slightly Steeper Than Initial Estimate

WASHINGTON—The U.S. economy’s first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come…

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Fed’s Williams: Economy May Be Bottoming As Fed Weighs Yield-Curve Control

Federal Reserve Bank of New York President John Williams said on Bloomberg’s television channel Wednesday the worst of the economy’s decline from the coronavirus crisis…

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European Union Sets Out Major Coronavirus Recovery Plan

BRUSSELS—The European Union set out a €750 billion ($824 billion) coronavirus recovery plan and €1.1 trillion budget proposal to lift the region from its economic…

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U.S. Home-Price Growth Accelerated in March

Home-price growth accelerated in March, even as home sales dropped after the coronavirus pandemic shut down economic activity in some regions. The S&P CoreLogic Case-Shiller…

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