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The growth rate of consumer prices in the US may exceed 2% against a background of a strong economy, the president of the Federal Reserve Bank of Chicago, Charles Evans, believes. However, he does not consider price pressure a problem requiring the Federal Reserve to raise interest rates more quickly. According to MarketWatch, the acceleration of the rise in consumer prices, according to Evans, is logical in connection with the strength of the country's economy and events on the energy front. He sees the need to maintain a policy of gradual raising of interest rates to a neutral level, when rates do not stimulate, but do not limit growth.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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