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Federal Open Market Committee members expressed concern at their latest meeting over the future of the economy, saying that the coronavirus likely would continue to stunt growth and potentially pose dangers to the financial system. At the July 28-29 session, the Federal Reserve's policymaking arm voted to keep short-term interest rates anchored near zero, citing an economy that was falling short of its pre-pandemic levels. Officials at the meeting "agreed that the ongoing public health crisis would weigh heavily on economic activity, employment, and inflation in the near term and was posing considerable risks to the economic outlook over the medium term," the meeting summary said. As Chairman Jerome Powell and Fed leaders have emphasized multiple times, the minutes noted a consensus on ...

Millions of Americans who expected to receive a second stimulus check amid the continued economic fallout from the coronavirus pandemic may not see the $1,200 for some time, if ever. With negotiations ending in a standstill as Congress left for summer recess until early September, Americans likely won't receive any sort of stimulus money until October at the very earliest — and only if Congress and the White House can agree on a deal. The House and Senate have another big piece of legislation on their plate when they return: the September 30 deadline for deciding the federal budget for the next fiscal year. That doesn't leave a whole lot of time for coronavirus relief talks Whatever happens, it's not a great idea to count on receiving this windfall of cash. CNBC Select has rounded up some ...