The Deputy Chairman of the Federal Reserve, Richard Clarida, speaking at a conference in New York, said that, in his opinion, the best option was a further gradual increase in the Fed's base interest rate. He noted that the United States was approaching full employment. Price stability is also consistent with the objectives of the American Central Bank. According to him, there is no significant increase in inflation in the country due to the increase in labor productivity. The Fed will closely monitor changes in inflation rates when determining its future policy. Continuing statistics, taking into account the rate of inflation, will help the Fed to determine the level that the rate will eventually have to reach.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...