The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by 6.5 percent this year, but predicting recovery in the next several years. GDP is projected...
Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re quite confident that the economy is well on the road to recovery.” The chairman’s promise came in a virtual press...
November 01, 2023
Bitcoin experienced a brief surge to a fresh 17-month high Wednesday (Nov. 1) before retreating from the $35,000 mark. The cryptocurrency jumped around 1.5% to $35,185 early Wednesday in New York, surpassing the most recent high set last week and reaching its highest price since May 2022, Bloomberg reported Wednesday. However, it later stabilized at $34,600. The […]
June 10, 2020
The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by...
April 29, 2020
Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re quite confident that the economy...
