The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.
Tag: United States Economy
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Federal Budget Deficit Fell to $1.4 Trillion as Pandemic Spending Eased
The gap between what the government borrows and what it spends narrowed amid less spending and higher tax receipts.
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Where $30 Billion to Fix Systemic Racism Actually Goes
In 2020, JPMorgan pledged to invest significant resources in closing the racial wealth gap. Here is what the bank did, and what it looks like when a private-sector company tries to fix a societal problem.
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Airlines Cash In as Flexible Work Changes Travel Patterns
Untethered from desks, passengers are flying more often and in different ways. Carriers expect the new habits to endure, despite economic uncertainty.