President of the Federal Reserve Bank of Richmond Thomas Barkin said that the Federal Reserve should continue raising rates to normal levels amid sustained economic growth in the US, low unemployment and inflation in the region of 2%. Barkin noted that the level to which the base interest rate should be raised will depend on the rates of economic growth. He said: “The better the prospects for economic growth are, the higher the base rate will be”. The head of the Federal Reserve Bank of Richmond believes that the causes for concern are trade disputes, geopolitical instability and market volatility.
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 ...
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 ...