Initial unemployment claims rose slightly to a seasonally adjusted 362,000 last week as employers continue to limit layoffs.5 min read

Economists cut third-quarter growth estimates because of the Covid-19 surge and supply constraints, but they expect the economic recovery to regain momentum.7 min read

The division between who receives benefits and who pays for them has become exceptionally stark under President Biden.4 min read

The central bank chairman said he still expects prices to come down on their own, adding it is “very difficult to say how big the effects will be in the meantime.”3 min read

Treasury Secretary Janet Yellen testified with Fed Chairman Jerome Powell before lawmakers after Senate Republicans blocked a bill that would both fund the government and lift the borrowing limit.6 min read

President Biden hasn’t announced his pick to lead the central bank next year, and Democrats are split over Federal Reserve Chairman Jerome Powell’s potential reappointment.4 min read

The Case-Shiller index rose 19.7% in the year that ended in July, as buyers continued to compete amid a shortage of homes for sale. But there are signs the market could be starting to cool.3 min read

Most countries in East Asia and the Pacific face major setbacks in recovering from the coronavirus, the World Bank said, adding to concerns that the resurgent pandemic will widen the economic divide between the region and the West.3 min read

Fed governor Lael Brainard said the economy was likely to make a complete recovery from the coronavirus and warned against prematurely concluding that the central bank needed to raise interest rates.3 min read

The Federal Reserve chairman is set to testify before Congress with Treasury Secretary Janet Yellen on Tuesday. 1 min read

New orders for products meant to last at least three years increased 1.8% to a seasonally adjusted $263.5 billion in August as compared with July, marking the biggest increase since May.2 min read

Markets this week will be focusing on U.S. consumer spending and inflation measures, and the heads of the Federal Reserve and the Treasury Department are set to speak about the economic recovery.2 min read

Senior European Union officials including Margrethe Vestager will meet with U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo to set an agenda for expanding the vast economic relationship between the two markets.4 min read