economic
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U.S. Treasury yields declined on Monday as investors awaited key economic data set to be published this week which could provide hints about the outlook for interest rates and the state of the economy. At 6:14 a.m. ET, the yield on the 10-year Treasury was around 1 basis points lower to 4.246%. The 2-year Treasury […]
Photograph by Nathaniel St. Clair U.S. government economic statistics that can be used to compare the conditions of the Black population with the white population provide a picture of the continuing deep seated structural racism in the United States. The statistics covering wealth and income distribution, poverty, and unemployment show how the functioning of capitalism […]
A man holds Algerian and European, top, bank notes Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children’s educations abroad. But the value of the Algerian dinar has recently swung wildly on the country’s black market as its […]
As the election cycle deepens and Americans tighten their pockets due to financial strain, U.S. Deputy Secretary of the Treasury Wally Adeyemo will travel to Atlanta on Thursday to shed light on Joe Biden’s economic investments in Black communities. Adeyemo spoke with Atlanta Black Star on Tuesday ahead of his trip to the metropolitan area, […]
Economic observers and historians are often casting about for different historic eras to help understand our current landscape. The late 1970s come up frequently at the moment, with its fears of stagflation and an aggressive Federal Reserve response providing clear echoes to today. But perhaps the swinging 1960s is a better lens to help unpack […]
Treasury Secretary Janet L. Yellen will tell lawmakers on Tuesday that the United States has had a “historic” economic recovery from the pandemic but that regulators must vigilantly safeguard the financial system from an array of looming risks to preserve the gains of the last three years. Ms. Yellen will deliver the comments in testimony […]
Biden’s surrogates have a long road ahead in convincing the country, however, as Trump consistently trounces the sitting president in polling about the economy and has focused much of his campaign pitch on how historically strong he says growth was during his own administration. There are also risks that inflation could see a resurgence, either […]