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Fed’s Evans expects virus impacts on economy to be short-lived

CHAMPAIGN, Ill. (Reuters) – The coronavirus outbreak will likely have only a “short-lived” impact on the U.S. economy, with a hit to growth in gross domestic product limited to perhaps a few tenths of a percentage point, Chicago Federal Reserve Bank President Charles Evans said on Tuesday night. “The expectation is that it is going […]

What do the Fed’s latest moves mean for U.S. consumers?

By Jonnelle Marte and Heather Timmons WASHINGTON/NEW YORK (Reuters) – The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to get money and slashing its benchmark borrowing rate to near zero. In a move reminiscent of the extraordinary steps […]

Pfizer says final results show coronavirus vaccine is 95% effective, no safety concerns

Pharmaceutical company Pfizer said Wednesday that the final analysis from its clinical trial shows its coronavirus vaccine is 95 per cent effective, has no serious side effects, and protects older adults. The results from the final efficacy analysis of the vaccine study were released Wednesday. The announcement comes a week after Pfizer revealed promising preliminary […]