U.S. economic activity increased modestly in recent weeks and a growing number of the Federal Reserve's districts saw a drop in employment as a surge in coronavirus cases led to more shutdowns of businesses, the U.S. central bank said on Wednesday.
Federal Reserve officials see strong economic rebound, fanning talk of taper businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
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WASHINGTON, Jan 12 (Reuters) - One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 will prove “impressive.”
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see.
Even as they concede the riots by supporters of President Donald Trump that shut down Congress last week and concerns about continued violence pose a risk, officials say the transition to a new administration on Jan. 20 and a likely accelerating vaccine rollout have left them optimistic.
Tuesday, 12 Jan 2021 07:30 PM MYT
Small bottles labelled with a ‘VaccineCovid-19 sticker and a medical syringe are seen in this illustration taken April 10, 2020. Reuters pic
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WASHINGTON, Jan 12 One US Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 will prove “impressive.”
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, US central bankers now like what they see.
All of the Federal Reserve’s 12 regional banks wanted to keep unchanged the rate that commercial banks are charged for emergency loans ahead of the U.S. central bank’s December policy meeting, minutes from the directors' discussions of the discount rate showed on Tuesday.