President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic, declaring, “I know times are tough, but I want you to know that help is on the way.”
Wall Street’s losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.
Activity in the U.S. services sector rebounded strongly last month, but those gains are now being threatened by the resurgence of coronavirus cases in many parts of the country. Local economists weigh in.
U.S. stocks plunged nearly 13% Monday. As bars and restaurants in Illinois close to dine-in customers, we analyze the economic impact of the coronavirus.
U.S. stocks on Thursday recorded their biggest single-day fall since the notorious Black Monday crash of 1987 as coronavirus fears accelerated.
The U.S. stock market closed at record highs Thursday, indicating investor confidence as relations between the U.S. and Iran appear to cool down. Ed Stuart and Michael Miller share their thoughts on current economic conditions.
While the U.S. economy continues its record-breaking expansion, some wonder whether the Fed reacted to softening global markets or perhaps even pressure from President Donald Trump.
Local economists Michael Miller and Edward Stuart debate the new report on the nation’s big job gains – and where interest rates may be heading.
If you’re expecting to receive Social Security benefits, brace yourself. Costs for Social Security are projected to exceed the program’s income next year, which means beneficiaries may not get all that’s been promised to them.
With Gov. J.B. Pritzker seeking a state graduated income tax and Mayor-elect Lori Lightfoot rethinking tax subsidies for controversial city projects, two economists offer their take on the local and national economy.
Congress makes another attempt at passing a balanced budget amendment as a new report shows the federal deficit skyrocketing.
The Trump administration is playing down the historic stock market downturn. We discuss the seesawing financial markets and what they may foretell.
Median incomes in America are on the rise. What will be the response of a Federal Reserve Board with vacancies?
Federal Reserve Chair Janet Yellen said the Fed may start raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.
The U.S. Federal Reserve is expected to scale back its $85 billion a month bond-buying program. As Fed policymakers convene this week, financial insiders speculate what the timetable for a stimulus wind-down could look like. We talk with two Chicago economists about the stimulus program and what federal tapering means for businesses and consumers. Read an interview.