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The US Federal Reserve may raise the rate once in 2019 and once in 2020, Patrick Harker, head of the Federal Reserve Bank of Philadelphia, says. However, the Fed leadership in general does not expect a rate hike this year. According to Harker, the recent decline in inflation was temporary. In the medium term, he expects the inflation rate to be slightly higher than 2%. That is, he predicts a return of inflation to the target level of the Central Bank. Chairman of the Federal Reserve Bank of Philadelphia drew attention to the fact that the growth of the American economy in the first quarter, according to preliminary data, amounted to 3.2% in annual terms, significantly exceeding the forecast of 2.3%. Harker expects that by the end of 2019, US GDP will grow by slightly more than 2%.
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 ...
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 ...
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, ...
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 ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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