Federal Reserve Will Keep Rates Near Zero Until 2022 As Recession Continues
Federal Reserve Will Keep Rates Near Zero Until 2022 As Recession Continues
The central bank expects the economy to shrink by 6.5% this year.
Forbes
Forbes
Digital Asset Investors Await Fed’s Remarks
Digital Asset Investors Await Fed’s Remarks
On Wednesday, Federal Reserve Chairman Jerome Powell held a press conference following the central bank’s two-day policy meeting.
Forbes
Forbes
Markets recover nearly 5% led by financial stocks, recovery in global shares aid
Markets recover nearly 5% led by financial stocks, recovery in global shares aid
Sensex ends at 33,780.89, up 242.52 points or 0.72%; Nifty closes at 9,972.90, up 70.90 points or 0.72%.A rebound in banks and financial stocks helped broader indices to pare losses
Livemint
Livemint
The disconnect from Main Street following coronavirus, George Floyd
How can Wall Street surge while Main Street suffers?
The Jerusalem Post
The Jerusalem Post
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US Federal Reserve vows to support US economy’s ‘long road’ to recovery after dire 2020
US’s economy is predicted to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.
Hindustan Times
Hindustan Times
Fed Word Awaited: Investors Anticipating Powell’s Thoughts On Economic Trajectory
There’s basically no chance of a rate move today, despite some noise in the futures market. Trading might be thin and uneventful leading up to the Fed meeting, and the Fed’s growth trajectory could help give investors a sense of whether the “optimism trade” is justified.
Forbes
Forbes