In addition, vaccinations are ramping up so far, more than 110 million Americans have been given the Covid-19 vaccination, according to data from the Centers for Disease Control and Prevention. And, more adults will be eligible to get vaccinated soon. In a March 11 speech, President Joe Biden asked that all states make all adults eligible for the vaccine by May 1.
Still, even with the economic recovery underway, the central bank is committed to supporting the rebound. That means that historic low rates will likely stick around for a while. The Fed indicated Wednesday that any interest rate hike is unlikely through 2023.
Smarter Shopping by David Aidone
Premium Content Australians will be looking to spice up their image as they splash cash during Afterpay Day, but money experts have warned them to show restraint. The sale kicks off today and runs through to Sunday, with Afterpay revealing that fashion and beauty are the most popular categories the buy now, pay later service is used for. Consumers are also likely to spend $150 on average, according to Afterpay. Shoppers can now enjoy all the deals they ve come to love across a massive four-day period both instore and online, EVP of Sale ANZ and Global Instore at Afterpay, Rachel Kelly, said.
Resolvly Discusses U.S. Household Debt During the Pandemic
Florida Bar-approved lawyer referral service, Resolvly, dives deeper into the topic of the statistical trends observed across numerous debt types during the COVID-19 pandemic. Resolvly specializes in connecting clients with consumer protection attorneys who are experts in debt resolution. The Boca Raton-based company has helped thousands of people in the United States find the proper, legal-based solution to help decrease or wipe clean any unsecured debt. Resolvly not only helps with credit card debt, but also private student loans, business debt, medical bills, and vehicle repossessions.
The company observed statistical trends across multiple debt types during the COVID-19 pandemic and goes into further detail below.
Financial News
Bitcoin s volatility makes it impractical as a store of wealth or payments mechanism
Bitcoin’s exceptional volatility makes it “impractical as a store of wealth or payments mechanism,” the bank s analysts said Getty Images By Wednesday March 17, 2021 2:11 pm
Analysts at Bank of America have attacked bitcoin as “exceptionally volatile” and “impractical” in a 17 March research note.
In the note, the analysts said there was “no good reason to own bitcoin unless you see prices going up”.
The analysts said the supply of the cryptocurrency was by design artificially constrained so demand swings are.
Thousands of organizations from around the country have joined together to push the president to extend the national eviction ban set to expire in two weeks.