NY FED’S WILLIAMS: TOO SOON TO KNOW SCALE OF ECONOMIC DISRUPTION
NEW YORK (MaceNews) – The full scale of economic fallout from the COVID-19 pandemic remains unknown, but the Federal Reserve has acted decisively to support recovery, New York Fed President John Williams said Thursday. “Although stresses in financial markets will not entirely abate until the pandemic is behind us, we have seen material improvements in […]
DATA FLASH: US INITIAL CLAIMS CONTINUE TO PILE UP; MARCH HOUSING STARTS PLUNGE
–Initial Claims Level Fell By 1.370 Mln to 5.245 Mln, Continuing Claims Spike–Housing Starts Pace Slows to 1.216 Mln SAAR, Permits Slow to 1.353 Mln–April Philadelphia Fed Index Drops To -56.6, Echoing Drop in Empire Survey By Kevin Kastner WASHINGTON (MaceNews) – The growth rate of initial claims slowed further in the April 11 week […]