U.S. consumer sentiment edged lower in late January, adding to signs that consumers remain subdued about prospects for the economic recovery as the pandemic wears on.
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Blackstone Group Inc. President Jon Gray predicts the global cabin fever phenomenon will reverse later this year as vaccines roll out and people start to live the way they did pre-pandemic.
Federal Reserve Chair Jerome Powell is expected to maintain the central bank's aggressive support of the U.S. economy, despite having spied "light at the end of the tunnel" from the Covid-19 pandemic.
Home prices in 20 U.S. cities gained in November, as historically low mortgage rates continued to fuel the booming housing market.
President Joe Biden will escalate appeals for Congress to back his top priority, $1.9 trillion in pandemic relief, seeking to overcome Republican opposition to the plan as he enters his first full week in office.
Federal Reserve officials meeting next week are likely to put off any changes in their bond-buying program until 2022, when a tapering of purchases may begin, according to economists surveyed by Bloomberg News.
Applications for U.S. state unemployment benefits fell only slightly last week and remained elevated, signaling heightened pandemic-related strain in the U.S. labor market just as Joe Biden begins his first days as president.
Janet Yellen invoked an enduring era of low interest rates in delivering the Biden administration's opening argument to lawmakers for its $1.9 trillion Covid-19 relief proposal.
Jobless claims remained elevated in the final quarter, but did not increase significantly toward year-end.
U.S. retail sales declined at the close of the holiday-shopping season, wrapping up a painful year for the nation's merchants as the pandemic forced store closures and kept consumers at home.