The Chairman of the Federal Reserve Bank of San Francisco, Mary Daily, in an interview with The Wall Street Journal, expressed the view that the Federal Reserve System would not raise the base interest rate this year, since there were no signs of increasing inflation. According to her, it is inexpedient to do this with an economic growth of 2% and inflation at the level of 1.9%. Daily noted that the current rate of 2.25-2.5% per annum is neutral for economic growth. The Fed will continue to monitor statistical data and on their basis will make further decisions on changes in monetary policy.
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 ...