Tag: Economic News

Wall Street comes to grips with a Fed that will do what it says

In the last two months the markets have built up expectations for a Fed interest rate rise or a tapering of its bond purchases earlier than the central bank is forecasting, giving a lift to long-term Treasury yields. But investors are grappling with the risk that the U.S. central bank’s shift late last year in […]

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Americans are using their $1,400 stimulus checks differently than previous payments

Whether it’s $600, $1,200 or $1,400, Americans have been consistent in terms of how they’ve spent all three stimulus checks. But what’s changed is their allocation of saving versus spending, according to findings published Wednesday by the New York Federal Reserve. In the first round of economic impact payments, households set aside 29% of their checks […]

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