Tag Archives: Breaking News: Economy

Italy extends its quarantine to the entire country

Italy extends its quarantine to the entire country

A man wearing a protective mask passes by the Coliseum in Rome on March 7, 2020 amid fear of Covid-19 epidemic. Alberto Pizzoli | AFP | Getty Images Italy will expand the lockdown of the Lombardy region to the entire country, Prime Minister Giuseppe Conte said Monday as Italy’s case count surged, …

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US jobs report February 2020:

US jobs report February 2020:

A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019. Rebecca Cook | Reuters Nonfarm payrolls grew far more than expected in February as …

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Ex-Fed Gov Warsh sees coordinated global central bank action

Ex-Fed Gov Warsh sees coordinated global central bank action

Former Federal Reserve Governor Kevin Warsh said Friday he expects the Fed and other central banks around the world to act soon in response to the coronavirus outbreak. Warsh, occasionally rumored to be a candidate for Fed chairman after Jerome Powell’s term expires, spoke Friday morning to CNBC’s “Squawk Box.” …

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Rates likely to stand pat

Rates likely to stand pat

Federal Reserve officials expressed confidence at their most recent meeting about the state of the U.S. economy and figured interest rates likely would remain unchanged for a while, according to minutes released Wednesday. That comes even as financial markets are pricing in a near-certainty of at least one cut this …

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