Stocks Rise as Trump Tweets on Stimulus Keep Market Spinning

NEW YORK — Stocks are recovering on Wall Street Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy. The S&P 500 was 1.3% higher in morning trading after Trump sent a series...
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Fed Sees Rates Near Zero Through 2023, Perhaps Longer

WASHINGTON — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and probably even longer. F...
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Budget Deficit To Hit Record $3.3T Due To Virus, Recession

WASHINGTON — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said W...
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US Consumer Spending Rose a Moderate 1.9% in July

WASHINGTON — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 milli...

US Retail Sales Rise for 3rd Month but Slowdown Expected

WASHINGTON — Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money in people's...