Tag: FOMC

Fed Raises Interest Rates To 22-Year High, Credit Crunch Continues For Small Businesses

In an expected move, the Federal Reserve raised interest rates by a quarter of a percentage point (25 bps) at its Federal Open Market...

Small Business Loans Are Increasingly Expensive And Harder To Get

Banks rejected more than 8-in-10 business loan applications in May. Small business loan approval percentages at big banks dipped from 13.5% in April to 13.4%...

Dow Falls 150 Points After Unemployment Claims Surge Back Above 1 Million

TOPLINE The market opened lower on Thursday, with stocks falling for a second day in a row after another 1.1 million Americans filed for...

Dow Plunges Over 200 Points Amid Record Drop In GDP

TOPLINE The market fell sharply on Thursday after the U.S. economy posted its worst quarter ever—contracting by 32.9% on an annualized basis—while the Nasdaq...

Four Takeaways From Fed Chair Powell’s Testimony Investors Should Know

TOPLINE Federal Reserve Chairman Jerome Powell told the Senate banking committee on Tuesday that there is still “significant uncertainty” about an economic recovery, while...

Stocks End Worst Week Since March Despite Dow Rallying Almost 500 Points

TOPLINE The stock market rebounded slightly on Friday, attempting to recoup some of its losses from a day earlier when fears over a resurgence...

Stocks On Track For Worst Week Since March

TOPLINE The stock market continued to fall on Friday, after a failed attempt to recoup some of its losses from a day earlier when...

Dow Jumps 800 Points As Stocks Try To Rebound From The Worst Sell-Off Since March

TOPLINE The stock market recovered slightly on Friday, attempting to recoup some of its losses from a day earlier when fears over a second...

Small Business Access To Credit Improves, But Fed Cautions Full Recovery May Not Be Until 2022

The approval percentage for non-CARES Act Payroll Protection Program (PPP) small business loan applications at big banks ($10 billion+ in assets) rebounded to 11.5%...

Dow Falls 250 Points After Federal Reserve’s Grim Economic Outlook

TOPLINE The market finished slightly lower on Wednesday after the Federal Reserve indicated that it would leave interest rates unchanged until 2022, while also...

Federal Reserve Will Keep Interest Rates Near Zero Until 2022

TOPLINE The Federal Reserve announced Wednesday that it kept interest rates near zero and indicated that they’ll likely remain there until at least 2022...

Stocks Open Higher Ahead Of Federal Reserve’s Economic Update

TOPLINE The market opened slightly higher on Wednesday as technology stocks continue to outperform and Wall Street awaits an update on the economy from...

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