Seven in 10 say COVID-19 affects retirement plans, says TD Ameritrade survey provided exclusively to USA TODAY. Many tap nest eggs, cut contributions
Author: Paul Davidson, USA TODAY
Fed signals interest rates will likely stay near zero at least through 2022 amid COVID-19
Fed hold rates near zero, signals they’ll stay there amid coronavirus crisis and renews vow to use “full range of tools” to support economy.
Despite breakout jobs report, Fed likely to downgrade outlook, signal near-zero rates for years
Despite record 2.5 million job gains in May, Fed is likely to keep its key rate near zero amid COVID-19, signal it will likely stay there through 2022
It’s official: The US is in a recession, ending longest expansion in history
The United States has entered a recession, ending the longest expansion in U.S. history, the National Bureau of Economic Research said Monday
Defying predictions, economy gains 2.5M jobs and unemployment dips to 13.3% as businesses start to reopen amid COVID-19
The U.S. economy added 2.5M jobs in May as the U.S. economy reopened businesses shuttered by the coronavirus pandemic. 8 million job losses were forecast.
‘Signs of stabilization’: Hiring picks up in these industries as coronavirus layoffs ease and states reopen
As COVID-19-related layoffs ease, hiring picks up in some industries
Another 1.9 million workers seek jobless benefits as layoffs persist even as states reopen economies
1.9 million workers file for unemployment even as states begin letting businesses reopen after coronavirus shutdowns. Claims are a gauge of layoffs.
There may be no Social Security cost-of-living increase next year, early estimate shows
Social Security beneficiaries may receive no cost-of-living increase next year because of unusually low inflation, a preliminary estimate shows.
With COVID-19 threatening a long recession and weak recovery, Fed’s Powell vows to use tools to fullest to avoid pain
Fed Chair Powell cited the risk the coronavirus could mean ‘a prolonged recession and weak recovery.’ He said Fed will use its tools “to the fullest.”
Layoffs are easing but remain at historic levels as millions likely filed for unemployment last week
Economists estimate another 2.5 million initial jobless claims were filed last week. The claims are a reliable measure of layoffs.