As coronavirus outbreak has locked down many cities and states in the United States, unemployment is on a rise. According to the Department of Labor's news release on March 26, 2020, the seasonally adjusted initial unemployment claims was 3,283,000, an…
Tag: Financial Institution
Repo Rate Spikes, And The Fed Starts Buying T-Bills. What Does That Mean?
The US Federal Reserve announced on Friday, October 11, 2019, that it will buy $60 billion of treasury bills (T-Bills) each month to build its reserve. Jay Powell, the Federal Reserve Chairman, said that this decision was made to address…
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How do Foreign Investments affect the US Economy?
United States is a Superpower, and everyone wants to be a part of this wealth creating machine. In order to fully utilize this machine, it is important to know the impact that foreign countries have on the US Economy. At…
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