Employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is regaining strength.
Economic prospects have brightened as the daily count of COVID-19 cases has fallen to the lowest in more than four months.
The spread of COVID-19 slowed significantly in February as more people were vaccinated while the S&P 500 recorded a positive month.
The Fed remains fixed on its goals of achieving maximum employment and steady inflation despite hurdles caused by the coronavirus pandemic.
Puerto Rico reached a proposed settlement with bondholders to restructure $18.8 billion in debt, part of an effort to exit from bankruptcy.
Whether governments and central banks can agree to simply cancel their sovereign debt will depend on the rules and specifics of the region.
Fixed-income executives are weighing in on a debate over whether governments and central banks should cancel the debt they've accumulated.
Fed officials did not see conditions for reducing their massive asset-purchase program being met for "some time" at their January meeting.
The spread of COVID-19 slowed slightly in January as vaccinations began across the world while the S&P 500 dealt with a lot of volatility.
Federal Reserve officials left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery.
Even as it revises forecasts, the IMF warns economic growth depends on the outcome of the race between the coronavirus and vaccinations.
The COVID-19 pandemic and its economic and societal impacts will continue to be felt for years to come.
The labor market recovery faltered in December as soaring coronavirus infections exacted a bigger toll on jobs.
The global economic recovery will likely be subdued unless policymakers put investment-enhancing reforms in place.
The Bank of England and Norges Bank both kept interest rates unchanged, but the banks have differing economic forecasts going forward.
The Federal Reserve will continue its massive monetary stimulus until it sees “substantial further progress” in employment and inflation.
The ECB's decision to increase its pandemic emergency purchase program to $2.21 trillion has been welcomed by money management executives.
Central banks are embarking on fresh waves of bond-buying to combat COVID-19, despite mounting claims the policy is losing its oomph.
Employers can benefit from helping employees deal with mental health, according to a report by Putnam's sustainable investing team.
The U.S. labor market rebound slowed in November, indicating the surge in COVID-19 cases is hitting workers and slowing recovery.
The U.S. economic recovery remained moderate in much of the nation and showed signs of slowing where COVID-19 cases were particularly high.
Federal Reserve officials discussed providing more guidance on their bond-buying strategy during their Nov. 4-5 policy meeting.
The top two U.S. economic policymakers clashed over whether to preserve emergency lending programs designed to shore up the economy.
They were once America's corporate titans and beloved household names, but now they're increasingly looking like something else: zombies.
The labor market strengthened in October, defying forecasts for more subdued gains amid an intensifying pandemic and congressional inaction.