Written by Liz Hoffman
Morgan Stanley MS +0.00% said it is buying fund manager Eaton Vance Corp. EV -0.28% for $7 billion, continuing the Wall Street firm’s shift toward safer businesses like money management.
The deal comes just days after …
Written by Paul Davidson
The Federal Reserve said Wednesday that it will likely keep its key interest rate near zero until the economy reaches full employment and inflation runs “moderately” above its 2% goal for “some time,” a vow that economists …
Written by Martin Crutsinger
WASHINGTON (AP) — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years.
The Labor Department reported Friday that the August increase in the consumer price index reflected …
Sourced from U.S. Bureau of Labor Statistics Economic News Release
Transmission of material in this news release is embargoed until USDL-20-1650
8:30 a.m. (ET) Friday, September 4, 2020
Technical information: Household data: cpsinfo@bls.gov * www.bls.gov/cps Establishment data: cesinfo@bls.gov * www.bls.gov/ces
Media contact: …
Written by Mandy Williams
The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed.
Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in …
