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The head of the Federal Reserve Bank of San Francisco, Mary Daly, who recently took the post of the head of the Federal Reserve Bank, in her first public speech stated the need for a slow and gradual increase in interest rates by the Federal Reserve System. Her views on the outlook for the American economy coincide with the opinion of the head of the Federal Reserve Bank of New York, John Williams, that at the moment the US economy is stable – not too overheated and not too cooled. Daly noted a low unemployment rate of 3.7% and an inflation target of 2%. The recent volatility in the markets did not bother her, and she supports the Fed’s rate of further gradual rate hikes.
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 self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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