Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Steven Mnuchin told a House committee Tuesday (Sept. 22) that marked economic progress has been made since the depths of the pandemic in March. But they said there’s more work to be done, especially in addressing...
Global stocks were tumultuous on Monday (Sept. 21) as fears of another drop due to more pandemic lockdowns surfaced, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Incomplete government records could have resulted in around 8.7 million Americans miss $1,200 payments, according to a government watchdog, the Associated Press reported Monday (Sept. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Despite the struggling economy, U.S. household wealth hit new highs in 2020, according to a report by the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The failure of lawmakers to agree on additional COVID-19 relief has left some policy experts including Federal Reserve Chairman Jerome H. Powell worried that the current economic recovery will lose some steam unless Washington creates another round of fiscal stimulus. Get the Full Story Complete...
What will the 42 percent solution be? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according to the latest PYMNTS Main Street business survey. Some 54 percent now report feeling confident they’ll survive through the outbreak’s...
While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August 2020 but still below September 2019’s 93.2 level. Get the Full Story Complete the form...
