St. Louis Federal Reserve President James Bullard says the Fed should begin curbing its monthly stimulus efforts soon. Bullard said the Fed's purchases were appropriate in 2020 to support American business through the Covid-19 pandemic. But they now run the risk of creating bubbles in financial markets and runaway inflation.
WASHINGTON - The U.S. economy grew a bit faster than initially thought in the second quarter, lifting the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and vaccinations against COVID-19 boosted spending. Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for
US slightly upgrades GDP estimate for last quarter to 6.6%
WASHINGTON (AP) — The U.S. economy grew at a robust 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries…
US slightly upgrades GDP estimate for last quarter to 6.6%
The U.S. economy grew at a 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose for the first time in five weeks even though the economy and job market have been recovering briskly from the coronavirus pandemic.The Labor Department reported Thursday that jobless claims edged up to 353,000 from 349,000 a week ...
US slightly upgrades GDP estimate for last quarter to 6.6%
By MARTIN CRUTSINGER
AP Economics WriterWASHINGTON (AP) — The U.S. economy grew at a 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries are growing that the delta variant of the coronavirus is beginning to cause a slowdown. Thursday’s report from the Commerce Department estimated that the natio…