NEW YORK — Stocks rose in midday trading on Wall Street Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak. The central bank undertook actions to provide up to $2.3 trillion in loans to households, local governments and small and large businesses as the country tips into what economists say may be the worst recession in decades.

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BING NEWS:
  • Stagflation fears just hit Wall Street. Now for the next crucial report on prices
    Stocks tumbled as the slowdown in GDP, coupled with stubbornly high inflation data, stoked fears of stagflation. That’s when the economy sees weak growth while inflation runs high. In a stagflationary ...
    04/26/2024 - 12:34 am | View Link
  • Markets fall as investors worry about low economic growth and stubborn inflation rates
    US stocks closed lower Thursday after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected.
    04/25/2024 - 5:03 am | View Link
  • Wall Street Breakfast: The Week Ahead
    The data will also contain readings on the Federal Reserve's preferred inflation gauge - the personal consumption expenditures price index. Also, Thursday will see the publication of the first ...
    04/21/2024 - 12:45 am | View Link
  • Why Is the Federal Reserve Always Surprised by Inflation?
    The central bank owes the public an explanation—and a serious effort to correct its flawed model.
    04/18/2024 - 5:07 am | View Link
  • A top Federal Reserve official opens door to keeping rates high for longer
    Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
    04/16/2024 - 3:44 am | View Link
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