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NEW YORK, Sept. 23 (Xinhua) -- U.S. stocks saw the return of heavy sell-off on Wednesday amid weakening of macroeconomic indicators and overshadowed recovery outlook.
WASHINGTON, Sept. 23 (Xinhua) -- While the U.S. economy has picked up in recent months, the panel of elite economists at the National Bureau of Economic Research (NBER) isn't ready to declare that the COVID-19 induced recession is over, local media reported on Wednesday.
WASHINGTON, Sept. 22 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said Tuesday fiscal stimulus has helped support the economic recovery from the COVID-19 induced recession, noting that the recovery will go faster if there is further fiscal stimulus.
WASHINGTON, Sept. 22 (Xinhua) -- U.S. Treasury Secretary Steven Mnuchin said Tuesday the administration continues to try to work with Congress and is ready to reach a bipartisan COVID-19 relief agreement, noting that a "targeted" package is still needed.
NEW YORK, Sept. 22 (Xinhua) -- U.S. stocks opened slightly higher on Tuesday as Wall Street was attempting to rebound from previous session's market sell-off.
WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
WASHINGTON, Sept. 16 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero and signaled to maintain this target range until at least 2023.
WASHINGTON, Sept. 15 (Xinhua) -- While U.S. Federal Reserve has adopted a new policy strategy on inflation, the central bank is unlikely to provide new forward guidance on short-term interest rates at its meeting this week, economists have said.
WASHINGTON, Sept. 11 (Xinhua) -- U.S. consumer prices continued to rebound in August with the reopening of the economy, but the overall inflation is expected to remain subdued due to the pandemic.