Most experts expect that the Federal Reserve will decide at its September 25-26 meeting to increase the base interest rate on federal credit facilities by 25 basis points to 2-2.5% per annum. The market estimates the probability of such a decision in 90%. Economists also believe that the Fed will hint at the probability of the next rate hike in December this year, despite the tense situation in world trade due to the ongoing dispute between the US and China. The chief economist of Grant Thornton, Diane Swank, believes that the Fed's incentive cutback is justified, as the US economy continues to have momentum for growth and the US stock market is booming.
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 ...