PYMNTS

APRIL 5, 2020

In late March, the Fed estimated that as many as 47 million people could eventually lose their jobs because of the ongoing shutdown. Louis Fed on the economy blog, “suggest the unemployment rate could go anywhere between 10 percent and 42 percent. Bullard said his team’s estimates, which are available at the St.

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PYMNTS

APRIL 2, 2020

A more recent effort, however, turned the spotlight on the needs of Main Street businesses, which have been especially hard-hit during the shutdowns. “I Kashkari said the government typically offers assistance to larger companies. That’s why you have to go through the banking sector,” he said.

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Fed Federal Reserve Small Business Shutdown 52

PYMNTS

APRIL 15, 2020

Business shutdowns and other efforts to contain the spread of COVID-19 are costing the country $25 billion a day in lost output. That issue is not managed by quarantining the public. “We We use licensing, safety rules, seat belts,” he said. “We We manage the risks. The same could be said for the health situation.”.

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Fed Federal Reserve Shutdown Economy 52

PYMNTS

NOVEMBER 22, 2020

That means economic activity for months post-vaccine will be compared with months that fell during the depths of the COVID-19-related shutdowns beginning in March 2021. Fed governors have indicated in the past that inflation about 2 percent is okay for a spell if it follows a period of sub-2 percent inflation.

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Consumer Fed Shutdown On-Demand 67

PYMNTS

JULY 15, 2020

There’s both the direct economic impact of businesses having to close down,” Harker said during a webinar organized by the Fed, as reported by Reuters. businesses closed forever between March and May due to the pandemic’s shutdowns. Harker said the impact could be twofold in its damage.

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Federal Reserve Shutdown Economy Fed 73

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. The Fed has left its benchmark rates unchanged thus far in 2019.

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Shutdown Federal Reserve Fed Governance 49

PYMNTS

AUGUST 5, 2020

The numbers showed a 10 percent decline in spending compared to a year ago, albeit higher numbers as compared to the height of the pandemic’s economic destruction in March and April during the nationwide shutdowns, CNBC reported. The Fed cited data from scheduling firm Homebase. million jobs added in June, CNBC reported.

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Economy Federal Reserve Shutdown Fed 58

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. The Fed has left its benchmark rates unchanged thus far in 2019.

Federal Reserve 40

Federal Reserve Shutdown Payroll Fed 40

PYMNTS

APRIL 7, 2019

The Fed pivoted so abruptly, which gives one pause about what they’re saying about the economy,” said Chuck Carlson, chief executive officer at Horizon Investment Services, in the Reuters report. With the U.S. That is down from the 8.2 percent Wall Street was expecting a mere six months ago. percent growth from 8.1 percent growth.

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Federal Reserve Shutdown Fed Economy 46

PYMNTS

MARCH 3, 2019

Winograd added, “We shouldn’t expect any action from the Fed into at least the second half of the year.”. The Commerce Department didn’t publish the portion of the report for consumer spending due to the partial government shutdown.). According to the Commerce Department, as cited by the report, personal income declined by 0.1

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Consumer Shutdown Economy Fed 43

PYMNTS

MARCH 13, 2020

Glitches here, glitches there … it should be noted that a partial day’s shutdown was better than had been seen the previous week , when there was a technical issue that left the platform effectively shuttered during a significant rally. which allowed a half-hour window until the day’s trading ended.

Online and Mobile Banking 60

Online and Mobile Banking Shutdown Fed Treasury 60

PYMNTS

MARCH 17, 2020

The data no doubt is a bit dated only a few days since publication — headed into a weekend of slashed Fed fund rates, quantitative easing and more negative news — but it shows SMBs bracing for impact. As reported, the NFIB found that owners remain concerned about disruptions.

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SARS Economy Shutdown Fed 64

PYMNTS

DECEMBER 24, 2020

The temporary shutdown of physical retail clearly accelerated eCommerce penetration, but the ability to connect to your customers both on and offline means D2C brands are incredibly well-positioned to deepen these relationships even as physical retail [hopefully] gets back to normal.”.

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Economy Consumer On-Demand Shutdown 118

CB Insights

JULY 17, 2018

In contrast with many fast-casual menus, “meat” at Next Level Burger is not advertised as organic, local, or grass-fed. North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. Amplifying already adorable aesthetics, Instagram has become a low-cost engine for viral growth.

On-Demand 69

On-Demand Automation Origination Fed 69

PYMNTS

JANUARY 10, 2019

Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. The chairman shared his thoughts about the shutdown at a Washington luncheon on Thursday (Jan. A longer shutdown is something we haven’t had,” he said. economy, according to a report in Financial Times. percent.

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Shutdown Fed Economy Federal Reserve 59

PYMNTS

APRIL 14, 2020

The Fed has been introducing a number of new measures to keep interest rates low and credit flowing to various parts of the economy. And in the coming weeks, even more could be necessary for other institutions or areas of the economy, Fed officials said. Louis Fed president James Bullard said the U.S.

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Fed Federal Reserve Void Economy 57

PYMNTS

AUGUST 3, 2020

Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown . According to reports, the firm has filed for a possible initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

Fincen 64

Fincen Federal Reserve Fed Financial Crimes 64

PYMNTS

APRIL 13, 2020

There is a universal agreement that the CARES Act PPP rescue relief bill is a necessary step in financially shoring up the SMBs that were hobbled by a mandated government shutdown.

Payroll 115

Payroll On-Demand Returns Economy 115

PYMNTS

AUGUST 3, 2020

economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised. In a CBS interview on “Face the Nation” Sunday (Aug. 2), Kashkari said the country can rebound, but only if the virus is controlled. “If

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Shutdown Fed Federal Reserve Economy 119

PYMNTS

DECEMBER 18, 2020

18) to postpone a government shutdown for 48 Hours as Capitol Hill lawmakers prepared to settle in for a working weekend in a bid to pass a COVID-19 stimulus bill. as expressing some conservatives' fears that the Fed is becoming a lender of "first resort" rather than "last resort," essentially competing with banks. The Post quoted Sen.

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