Economy & Markets
The important economic and stock market news that advisors need to know.
Pelosi Unveils $2.5 Trillion Stimulus Plan
By Melanie WaddellPelosi's legislation is being billed as a "wish list" with few provisions likely to pass, says Raymond James policy analyst Ed Mills.
March 23, 2020
Stimulus Bill Fails Second Vote in SenateSen. Dick Durbin, D-Illinois, said the vote "broke down when [McConnell] refused to make it a bipartisan negotiation."
March 23, 2020
Fed Goes All In as Investors Wait on CongressThe Fed took unprecedented steps; meanwhile, a Senate vote on a stimulus bill failed Monday afternoon.
March 23, 2020
What Fed Watchers Make of 'QE Infinity'Fed watcher DiMartino Booth says the U.S. central bank is "making up for what Congress is not delivering."
March 23, 2020
How to Stay Connected to Your Clients Right NowYou and your clients are juggling major life disruptions. But you can still be a calming presence in their lives.
March 23, 2020
3 in 5 Americans Hit Financially by Coronavirus: SurveyIn a LendingTree survey, 35% of respondents said their work hours had been reduced or eliminated.
March 23, 2020
Fed Opens Floodgates as Investors Flee to CashThe Fed said it would buy investment-grade securities through ETFs, an unprecedented move.
March 23, 2020
Stimulus Bill Needs to Pass Today: MnuchinImmediate small-business loans and direct deposits for workers will be included in the bill, the Treasury secretary says.