#NEW The Federal Reserve says the U.S. economy is improving, leaves interest rates unchanged

FOMC statement says, “amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened”
#MORE The Fed also removed language from its statement which said the pandemic posed a “considerable risk” to the U.S. economy

The Central Bank said it will continue $120 billion of asset purchases per month to support the economy
#MORE The bank has vowed to continue that program until it sees “substantial further progress” on restoring employment and 2% stable inflation

The FOMC statement did note rising inflation but said it is due to "transitory factors"
#MORE The Fed forecasts inflation will rise to 2.05% at the end of 2021, 2% in 2022, 2.1% in 2023, and 2.2% in 2024

Central Bank's target is 2% and the Fed has said it will allow inflation to run hot before raising rates, prioritizing employment

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More from @GretaLWall

27 Jan
#MarketWatch TDAmeritrade is restricting trade of $GME and $AMC as the companies' shares surge after the Reddit community r/wallstreetbets encouraged users to buy the stocks to challenge short sellers

Activity has prompted bubble concerns on Wall St, pushing major indexes lower
“In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities. We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
#MORE Melvin Capital manager Gabe Plotkin tells CNBC's
@andrewrsorkin that speculation it will file for bankruptcy is false

Plotkin confirms the hedge fund closed out its short position on $GME Tuesday afternoon after taking a huge loss
Read 4 tweets
12 Jan
#NEW @USDOL JOLTS report shows leisure and hospitality being hit hard by pandemic shutdowns

The survey found there were 6.63 million job openings in November vs an estimated 10.74 million workers in need of a job

The number of openings was down 1.6% from October, -3.9% YoY
#MORE Openings in leisure and hospitality fell to 801,000, down just 16,000 from October but p;unging 17% compared to 2019

Layoffs in the sector surged 17.6% from October to 1.68 million
#MORE Separations rate rose to 3.8% in Nov from 3.6% in Oct as 271k workers left or lost their jobs

Leisure and hospitality separations rate surged to 8.2% from 5.8%

Overall quits rate unchanged at 2.2%

Quits rate for leisure and hospitality rose to 4.7% from 4.3%
Read 4 tweets
28 Aug 20
The final night of the Republican National Convention is underway, leading up to President Trump's speech to accept the Republican nomination to run for re-election.

Tune in #NOW to @OANN for #LIVE uninterrupted coverage of the night.
RNC begins with a video by @GOPLeader Kevin McCarthy detailing the accomplishments for Americans under the Trump Administration
Ja'Ron Smith -- Deputy Assistant to the President and the highest ranking black official in the White House -- speaks at the Republican National Convention
Read 22 tweets
25 Aug 20
Turning Point USA Founder @charliekirk11 is first speaker on night one of #RNCConvention2020
Second speaker of the night is a public school teacher from California.

Starts her speech condemning leaders of teacher's unions.
Third speaker is Tanya Weinreis, a small business owner from Montana who received a PPP loan.
Read 19 tweets

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