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Fed to unveil bond-buying taper plan next month; jobless rate to fall slowly: Reuters poll

Fed to unveil bond-buying taper plan next month; jobless rate to fall slowly: Reuters poll

© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Indradip Ghosh and Shrutee Sarkar BENGALURU (Reuters) – The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the…

Democratic divisions emerge on U.S. Senate’s $3.5 trillion spending plan

Democratic divisions emerge on U.S. Senate’s $3.5 trillion spending plan

3/3 © Reuters. FILE PHOTO: The exterior of the U.S. Capitol is seen as Senators work to advance the bipartisan infrastructure bill in Washington, U.S., August 8, 2021. REUTERS/Sarah Silbiger/File Photo 2/3 By Makini Brice and Susan Cornwell WASHINGTON (Reuters) -Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in…

Fed’s Bostic says the pandemic widened economic disparities

Fed’s Bostic says the pandemic widened economic disparities

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop (Reuters) – The coronavirus pandemic exacerbated economic inequalities that existed before the crisis, leading to greater employment losses for…

U.S. Senate pivots to $3.5 trillion bill, key to Biden’s agenda

U.S. Senate pivots to $3.5 trillion bill, key to Biden’s agenda

© Reuters. FILE PHOTO: The sun rises on the U.S. Capitol dome before Joe Biden’s presidential inauguration in Washington, U.S., January 20, 2021. REUTERS/Jonathan Ernst/File Photo By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) -The Democratic-controlled U.S. Senate on Tuesday passed a massive infrastructure bill and immediately kicked off debate on a $3.5 trillion spending…