recession

FILE - In this June 10, 2020 file photo, a woman walks past a store with sale signs displayed at Great Lakes Mall, in Mentor, Ohio.
(AP Photo/Tony Dejak, File)
AP News
July 15, 2020 - 3:11 pm

Fed Has Mixed Bag On Economy

Fed survey says economy has picked up but outlook cloudy
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.
(AP Photo/Jacquelyn Martin, File)
AP News
June 10, 2020 - 2:08 pm

No Rate Hike In Sight

Fed to keep buying bonds and sees no rate hike through 2022
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A woman walks into a closing Gordmans store, Thursday, May 28, 2020, in St. Charles, Mo. Stage Stores, which owns Gordmans, is closing all its stores and has filed for Chapter 11 bankruptcy.
(AP Photo/Jeff Roberson)
AP News
June 08, 2020 - 2:44 pm

Economists Peg Recession Start

A US recession began in February in the face of coronavirus
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A Party City employee delivers balloons to a customer curbside, Wednesday, May 27, 2020, in Oceanside, N.Y. Long Island has become the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it enters t
(AP Photo/Mary Altaffer)
AP News
May 28, 2020 - 12:18 pm

Jobless Numbers Still Climbing

US layoffs climb to 41 million, despite business reopenings
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FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo.
(AP Photo/Evan Vucci, File)
AP News
May 28, 2020 - 11:44 am

Summer Economic Data Scrapped

White House won't issue economic projections this summer
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FILE - In this Jan. 21, 2020, file photo, the Capitol is seen at sunrise in Washington. Businesses are going belly up, tens of millions have been laid off and by some measures, the U.S. seems headed for another Great Depression.
(AP Photo/J. Scott Applewhite, File)
AP News
May 14, 2020 - 7:46 am

GOP Hesitant On More Aid

As coronavirus rolls on, Republicans hit 'pause' on new aid
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington.
(AP Photo/Jacquelyn Martin, File)
AP News
May 13, 2020 - 4:48 pm

Covid-19 Economic Repercussions Warning

Powell warns of a possible sustained recession from pandemic
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FILE - In this May 12, 2020, file photo, a teacher removes students’ artwork from a bulletin board as she packs the art in her kindergarten classroom at an elementary school in Olathe, Kan.
(AP Photo/Charlie Riedel, File)
AP News
May 13, 2020 - 4:01 pm

Virus Hits State Budgets Hard

Pandemic wrecks many state budgets, could trigger deep cuts
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13. (AP Photo/Jacquelyn Martin, File)
(AP Photo/Jacquelyn Martin, File)
AP News
May 13, 2020 - 10:32 am

Powell Warns of a Possible Sustained Recession From Pandemic

Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.
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European Commissioner for the Economy Paolo Gentiloni speaks during a media conference on the economy at EU headquarters in Brussels, Wednesday, May 6, 2020. (Kenzo Tribouillard, Pool Photo via AP)
(Kenzo Tribouillard, Pool Photo via AP)
WRVA News
May 06, 2020 - 11:49 am

EU Forecasts 'Recession of Historic Proportions' This Year

BRUSSELS (AP) — The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official estimates of the damage the pandemic is inflicting on the bloc’s economy.
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