Massive amounts of often unexpected federal stimulus are about to hit local jurisdictions. Here are four things city officials and public-finance observers will be watching for.
Applications for U.S. unemployment benefits fell last week to a fresh pandemic low, reflecting more aggressive efforts by companies to hire new workers amid a rapid economic recovery. Initial jobless claims in the states dropped by 34,000 to 473,000.
U.S. wholesale prices increased sharply again in April and signaled that more inflation is bubbling up in the U.S. economy, just a day after another government report showed the cost of living rose at the fastest pace in 13 years. The producer price...
Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.
Oil futures fall Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations after shutting down in response to a ransomware attack. Traders were also tracking a continued surge in COVID-19 cases in India.