Economic

Federal Reserve officials on Wednesday signaled that they are in no hurry to recall support for a pandemic-damaged economy and released new forecasts showing the central bank's key interest rate will be held near zero for years to come -…

The Federal Reserve released a series of new forecasts on Wednesday that show the base rate will be close to zero for the coming years, although growth is expected to pick up significantly in the near future.The Fed cut its base rate -…

Here’s what you need to know:Jerome Powell, the chair of the Federal Reserve, at a press conference in January 2020, just before the coronavirus pandemic struck the American economy.Credit...Mandel Ngan/Agence France-Presse — Getty…

SINGAPORE - Asia's economic recovery could slow as more countries stop using the Covid-19 vaccine developed by AstraZeneca and Oxford University, Moody's Analytics chief Asia-Pacific economist warned."It slightly increases the risk Asia is…

Here’s what you need to know:Diners at a Minneapolis restaurant. Business restrictions across the country have begun to lift and vaccinations have picked up, fueling hopes of an economic resurgence.Credit...Liam Doyle for The New York…

BEIJING - A year after China was hit by the coronavirus, the government on Friday promised a robust return to economic growth of "over 6 percent," a signal that China is ready to do whatever it takes to keep the world's second largest…

Federal Reserve chairman Jerome Powell said Thursday that he expects some inflationary pressures in the coming period, but that it is unlikely to be enough to stimulate the central bank to hike rates."We expect inflation to rise once the…

NurPhoto | NurPhoto | Getty ImagesThe Maldives are littered with their island resorts and endowed with white sandy beaches and turquoise seas.But the coronavirus pandemic stalled the global travel and tourism industries last year, forcing…

Art Hogan of National Securities believes inflation won't be a problem for Wall Street this year.He acknowledges that rising government bond yields typically put pressure on future growth. In this case, however, Hogan sees an epic comeback…

John Williams, president of the New York Federal Reserve, said Friday that high prices for stocks and other assets are justified in a growing economy and a low interest rate landscape.Given that stocks hit new heights in valuations that…