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The US Federal Reserve notes significant achievements in the US labor market, as unemployment in the country is at a minimum of almost 2 decades at 3.9%. However, such a low level began to cause concern. Thus, the head of the Federal Reserve Bank of Boston, Eric Rosengren, analyzing the policy of the Federal Reserve, said that after the fall of the unemployment rate to such low indicators, a recession period inevitably sets in. In his statement, Rosengren is based on a story in which a too low unemployment rate was always followed by a recession. In his opinion, the Fed needs to discuss this situation, in which a low interest rate causes fears.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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 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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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