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The Federal Reserve will raise the rate before the end of 2018 and two more times in 2019, analysts at Morgan Stanley believe. Their forecast earlier suggested raising the Fed rate only once this year and three times in 2019. The bank changed it due to the active growth of the US GDP in the second quarter of this year. Senior analyst at Morgan Stanley in the US, Ellen Zentner, said: “The statistics showed that the US economy is too strong, and the Fed will not take a break.” According to the experts of the bank, the Fed will raise the rate to the maximum by mid-2019 and then will hold it.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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