Hiring picked up steam in February as a winter wave of coronavirus infections eased and consumers spent more freely. U.S. employers added 379,000 jobs in February, while the unemployment rate dipped to 6.2%.Read More
The Fed leaves interest rates near zero as expected, and promises to use all of its tools to support the economy. Officials project unemployment above 9% at the end of this year.Read More
The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.Read More
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.Read More
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.Read More
The Dow Jones Industrial Average fell nearly 10% — its biggest one-day drop since 1987 — as the coronavirus pandemic continued to rattle markets. Trading was temporarily halted earlier in the day.Read More
An inauspicious milestone was achieved on Sunday: the yield curve remained inverted for three months, which has for almost half a century preceded economic recessions.Read More
