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ECONOMY
Economy Week Ahead: The Fed, U.S. GDP, Eurozone GDP
The Fed will release its policy statement Wednesday amid questions over when it would begin scaling back its easy-money approach
U.S. Set to Push Global Economy Over the Recovery Line
With GDP in the second quarter likely having exceeded its pre-pandemic size, a landmark moment for the global recovery seems likely, analysts say
U.S. Median Home Price Hit New High in June
Median price rose to $363,300 as sales increased 1.4% on strong demand
Global Economic Recovery Accelerates, but Delta Variant Clouds Outlook
Parts of the world are expected to surge in coming months as red-hot U.S. growth begins to ease
Fed Chief Powell Enjoys Support for Reappointment, but He’s Not a Lock
If President Biden does seek change, Fed governor Lael Brainard is the most likely candidate
U.S. Government Could Run Out of Cash This Fall Unless Debt Ceiling Is Lifted, CBO Says
Debt ceiling takes effect Aug. 1; warning comes as lawmakers negotiate spending packages
Shortage of Railroad Workers Threatens Recovery
Struggle to bring crews back draws scrutiny from regulators, who were already concerned about lean operations
ECB Looks to Keep Rates Low for Longer
European Central Bank says it won’t increase its key interest rate until inflation moves much closer to 2% target
U.S. Unemployment Benefit Rolls Shrink as States Exit Pandemic Programs
New applications for benefits rise as supply-chain issues continue in the auto industry
Fed Ramps Up Debate Over Taper Timing, Pace
Officials are set to consider tactical planning at next week’s meeting over how to reduce asset purchases