Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday.
Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for US unemployment benefits.
America’s economy has shown “marked improvement” since the coronavirus pandemic drove it into recession, but the path ahead remains uncertain and the US central bank will do more if needed, Federal Reserve Chair Jerome Powell
World stocks edged higher on Friday, but gains were capped by dwindling stimulus in the United States and concerns about the damage to the global economy from further COVID-19 infections. Hopes of a stimulus-led recovery receded after US Treasury Secretary
European and US stock markets slumped on Friday as investors dwelled on the prospect of rising US interest rates. Europe’s main bourses all fell nearly two per cent.
Who said it? “A small rate cut is not enough, but we will win anyway!” The answer, technically, is President Donald Trump, who again this week fumed about the European Union and China on Twitter while lamenting that the Federal Reserve raised interest rates “way too early and way too much.” But it just as well
Stocks fell on Tuesday ahead of more interest rate increases from central banks to cool decades-high inflation, with Sweden leading a round of anticipated hefty hikes from its US,
US economic growth and wage gains should “serve as a source of resilience” moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released on Friday.
With the US Federal Reserve continuously upping the interest rate for the past year and more to fight inflation, it was feared that the higher interest rates will have the negative impact on economic growth, and there have been predictions of a recession in the American economy. But recession has not been happening