by Troy S. Mason | Apr 30, 2020 | Business News
The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the economy. Over the past six weeks, the Federal Reserve has grappled with the scale of the unfolding financial crisis. It has dropped interest rates almost to zero, expanded bond-buying programs, […]
by Troy S. Mason | Apr 9, 2020 | Business News
The Dow Jones Industrial Average surged by 450 points Thursday, after the Federal Reserve announced $2.3 trillion in emergency programs to shore up the economy. The S&P 500 and tech-heavy Nasdaq also ticked higher on Thursday, with gains of close to 2 percent and...
by Troy S. Mason | Apr 9, 2020 | Business News
The Federal Reserve on Thursday released long-awaited details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the reeling U.S. economy. Under provisions outlined for the first time, the loans would be...
by Troy S. Mason | Mar 16, 2020 | Business News
The Federal Reserve cut interest rates to nearly zero Sunday, an emergency move that represented its second attempt to stimulate an economy that has been ravaged by the coronavirus pandemic. By making borrowing as cheap as possible, the central bank hopes businesses...
by Troy S. Mason | Mar 13, 2020 | Business News
Wall Street briefly pared its losses on Thursday as investors reacted to the Federal Reserve’s announcement that it would dramatically increase liquidity by injecting as much as $1.5 trillion into the economy with an unprecedented series of asset purchases....
