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According to the results of a survey of 60 economists conducted by The Wall Street Journal, most experts lowered their forecast for the Federal Reserve System’s rate hike in 2019 from 3 to 2. According to their estimates, at the Fed meeting next week it will be decided to raise the rate from 2.25% to 2.5% per annum. 48% of respondents expect the next increase in March, 28% - in June. The results of the survey also showed that the participants expect the Fed to continue raising rates until mid-2020. Its peak value of 3.15% per annum is expected in 2020.
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 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 ...
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