Against the background of increased uncertainty regarding forecasts for the US and world economy, the Federal Reserve announced that, if necessary, it would be ready to move to lower interest rates. The Fed notes a slowdown in US GDP growth in the second quarter, a weakening of companies' investment in economic growth, as well as negative indicators of export orders. Import and export are negatively affected by trade disputes, their volumes have decreased after the introduction of duties. At the same time, the regulator indicates that inflation remains below the target level due to the influence of temporary factors. Production activity and trade both in the world and in the USA is declining due to the decline in global sales of technology products. Studies conducted by the Fed have shown that it is American importers who bear the greatest losses associated with the introduction of new duties.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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 ...