Economy grew at record 33.1% annual pace in Q3 as more businesses reopened\. But COVID-19 spikes could slow growth.
Author: Paul Davidson, USA TODAY
COVID effects
Changing careers 🔄
Home prices are held down by COVID-19 in big cities while climbing sharply in less crowded areas
Big cities like New York are struggling with falling prices during COVID-19. But values in less populated Phoenix and Charlotte are holding up.
Fed’s Jerome Powell: Risks of Congress passing inadequate stimulus more dire than those of “overdoing it”
Fed Chair Powell says risks of passing a stimulus that’s too small are more dire than a package that’s excessive. A large relief measure will strengthen recovery.
Stock futures rise amid news of Trump’s improvement in COVID-19 fight
Stock futures rise on optimistic reports about Trump’s COVID-19 battle.
Another 787,000 workers seek unemployment as layoffs continue amid COVID-19 crisis
Another 787,000 workers file initial jobless claims as businesses continue to lay off large numbers of workers amid COVID-19 pandemic
Trump says economic recovery is V-shaped, Biden says it’s a K. Who’s right and what does it mean?
In Tuesday’s debate, Trump said the economic recovery is V-shaped while Biden said it’s a K. Who’s right and what do the letters mean anyway?
Economy stimulus
Double-dip recession?
Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 years
The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining low rates for 4 or 5 more years
Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 years
The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining low rates for 4 or 5 more years