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Federal spending could drive a rise in interest rates, Janet Yellen says

Federal spending could drive a rise in interest rates, Janet Yellen says By Sarah Ewall-Wice Updated on: May 4, 2021 / 4:44 PM / CBS News The Federal Reserve may need to increase interest rates in the wake of President Joe Bidens push for trillions of dollars in new spending on infrastructure, childcare and education, Treasury Secretary Janet Yellen said Tuesday. Yellens remarks came as she continues to promote the presidents recently unveiled $1.8 trillion American Fam...
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Yellen says interest rates may need to rise to stop economy from overheating

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Student Loan Forgiveness Program: Will It Ever Happen? Here's What We Know So Far

HEADLINES & GLOBAL NEWS By   (Photo : Drew Angerer/Getty Images) Congressional Democrats Hold Press Conference On Canceling Student Debt WASHINGTON, DC - FEBRUARY 4: Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 in Washington, DC. Also pictured, L-R, Rep. Mondaire Jones (D-NY), Rep. Alma Adams (D-NC), Rep. Ilhan Omar (D-MN), Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pr...
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Source: hngn.com

Weekly initial unemployment benefit claims remain on downward trend in N.C.

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Jobless Claims Stand at Lowest Level in Over a Year

Jobless Claims Stand at Lowest Level in Over a Year With more states and cities lifting restrictive business measures amid a decline in the number of coronavirus cases, the jobs economy continues to show signs of improvement. Let’s take a look inside the latest weekly jobless claim figures released by the Department of Labor this morning as technology specialists from ON Partners weigh in. April 29, 2021 – The Labor Department reported this morning that 553,000 Americans filed new claims f...
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Fed keeps interest rates near zero but notes 'strenghtened' US economic recovery

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...
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As labor market tightens, jobless claims fall

As labor market tightens, jobless claims fall FacebookTwitterEmail The number of workers filing initial claims for unemployment benefits fell in New York and nationwide last week, suggesting the labor market continues to strengthen as business activity picks up and more individuals are fully vaccinated against Covid-19. The number of initial claims fell by 39,000 to 547,000 nationwide for the week ending April 17. Thats the lowest figure since March 14, 2020, the U.S. Department of Labor report...
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US Economy: Strong Recovery In Sight? Weekly Jobless Claims Sees Improvement

US Economy: Strong Recovery In Sight? Weekly Jobless Claims Sees Improvement 04/22/21 AT 3:48 PM The latest numbers on U.S. unemployment beat out expectations, alleviating concerns that hiring might lag behind the overall economic recovery. Thursday’s data, published by the Department of Labor, shows joblessness claims spending a second week below the record unemployment claims of the Great Recession. In total, the Department of Labor logged 547,000 new jobless claims, 63,000 less than the c...
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These Are the Money Moves to Make During an Economic Recovery

"I think the economy is ready to rip," Federal Reserve Governor Christopher Waller told CNBCs Steve Liesman during a Friday "Squawk on the Street" interview. "Theres still more to do on that, but I think everyones getting a lot more comfortable with having the virus under control, and were starting to see it in the form of economic activity." Still, many households are still dealing with the impact of the pandemic and will be for many years, even as the economy recovers. And, even those who w...
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