The head of the Federal Reserve Bank of Chicago, Charles Evans, in a speech with which he plans to speak at a conference in Indiana, notes a strong US economy, low unemployment and a steady inflation approach to the target 2%. He believes that the level of borrowing costs after a 10-year stimulating role will become “slightly deterrent”, which in 2019 will begin to put pressure on economic growth and employment in the US. Evans expects that in 2018 the economy will grow by 3%, and next year its growth will slow down. In his opinion, by 2020 unemployment will drop to 3.5%, inflation may slightly exceed 2%. He believes that “the level of the federal funds rate of 3-3.5%, projected in 2019 and 2020, will be slightly restraining”.
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 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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...