All states will be partially reopened by Wednesday despite at least 17 seeing coronavirus case rates rise

By Wednesday, every US state will have begun lifting measures enacted weeks ago to curb the spread of coronavirus — though daily case rates still are rising in parts of the country. CNN.com – RSS Channel – App Health Section … Read more…

Fed pledges to keep rates near zero until full employment, inflation come back

The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to … Read more…

UK coronavirus live: those in deprived areas have double death rates of affluent areas, new statistics show

All the day’s UK Covid-19 news, as Welsh first minister says he does not think parts of UK should leave lockdown before others Ryanair to cut 3,000 jobs as coronavirus grounds flights Johnson promises plan next week for return to … Read more…

Powell says the Fed doesn’t see negative rates as ‘appropriate’ policy for the United States

The central bank chair said he is focusing on interest rates and other “liquidity tools” to keep credit flowing and financial markets operating properly. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription … Read more…

The Fed Cuts Interest Rates to Nearly 0% to Combat Economic Slowdown Risks From Coronavirus Crisis

In an emergency move, the Federal Reserve has cut its benchmark interest rate to nearly zero to help fight the coronavirus outbreak that’s threatening millions and nudging America into an economic slowdown. The nation’s central bank announced Sunday it would … Read more…

Powell says Fed is ‘willing to be patient’ before raising rates again amid coronavirus slowdown

“We will maintain the rate at this level until we’re confident that the economy has weathered recent events,” Powell said. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up … Read more…

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries,” the Fed said. International: Top News And Analysis SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off … Read more…

‘Bond King’ Gundlach says Fed panicked and short-term rates are ‘headed toward zero’

“When I say panicked, it doesn’t mean it’s not justified,” DoubleLine Capital CEO Jeffrey Gundlach said about the Fed’s surprise cut this week. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card … Read more…

Trump calls for lower rates amid coronavirus fallout: ‘Fed should start being a leader’

Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine! SPECIAL DONATION REQUEST UPDATE: Please help American Consultants Rx achieve it’s biggest goal yet … Read more…

Fed’s Bostic says ‘we won’t have to do anything’ on rates, despite market expectations

Despite market expectations for up to two cuts this year, Bostic said that unless there’s a significant shift in economic performance, the Fed should stay put. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX … Read more…

Federal Reserve’s Robert Kaplan sees no changes in interest rates this year

The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have adopted Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX … Read more…

Trump says he ‘could get used to’ negative interest rates as he knocks the Fed: ‘Love that’

President Trump touted at the World Economic Forum in Davos, Switzerland, the use of negative interest rates to bolster economic growth. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save … Read more…

Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC survey

The latest CNBC Fed Survey finds concerns over recession, monetary policy and worries about future economic policy. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off … Read more…

Prudential to charge higher insurance rates for people who vape — the same as smokers

Customers who vape will be classified as smokers instead of nonsmokers when applying for individual insurance policies, Prudential said in an emailed statement Wednesday. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

Weekly mortgage refinances jump 10% as rates drop to the lowest level since August

An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands. Politics BEST DEAL UPDATE: Save 50% Today! Get 24/7 Access to Your Credit Scores & Reports with TransUnion

Fed Leaves Interest Rates Unchanged, No Longer Expects Rate Hikes This Year

In a widely anticipated move, the Federal Reserve announced its decision Wednesday to leave interest rates unchanged following a two-day monetary policy meeting. The central bank’s forward projections also indicated interest rates are likely to remain unchanged for the remainder … Read more…

December pending home sales drop to lowest point in five years, despite much lower interest rates

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. Real Estate BEST DEAL UPDATE: … Read more…

As obesity rates in America soar, new weight loss drugs are in the offing that offer hope

There are several promising drug candidates to combat obesity, one of America's biggest diseases and contributors to mortality. Still, doctors have been slow to call obesity a disease, and insurance coverage remains skimpy. Health and Science U.S.HEALTHCARE UPDATE: Click today … Read more…

‘Bond King’ Jeffrey Gundlach says the Fed shouldn’t raise interest rates this week

DoubleLine Capital founder and CEO Jeffrey Gundlach spoke with CNBC's Scott Wapner in Los Angeles on Monday. Economy ECONOMY NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine! … Read more…

Fed’s Kashkari says rates should not go up when job creation is strong and inflation is tame

Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari. Economy ECONOMY NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% … Read more…

Stocks Rally After Powell Says Rates “Just Below” Neutral – U.S. Commentary

After moving moderately higher early in the session, stocks saw further upside over the course of the trading day on Wednesday. The major averages climbed firmly into positive territory, further offsetting the weakness seen last week. RTT – Top Story … Read more…

Trade tariffs, higher interest rates are slowing global economic growth, OECD says

Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the OECD's latest forecasts. But the Paris-based group doesn't see a recession on the horizon.  World News & Analysis BEST … Read more…

Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector. Real Estate BEST DEAL UPDATE: Easily Sell Your Home With ForSaleByOwner! A Home Sells with ForSaleByOwner Every 44 Minutes!