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Aug 13, 2020-Thursday

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Thursday, Aug 13, 2020
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Federal reserve

Businesses began to reopen, and retail sales improved across the country, but there were some new layoffs and employment, too, is far below where it was before Covid-19 struck, the Federal Reserve report said.
US economic activity increased, outlook ‘highly uncertain’: Fed
Jul 16, 2020 00:17
Businesses began to reopen, and retail sales improved across the country, but there were some new layoffs and employment, too, is far below where it was before Covid-19 struck, the Federal Reserve report said. read more
The policymakers “generally indicated support” for tying rate-setting policy to specific economic outcomes, minutes from the US central bank’s June 9-10 policy meeting showed on Wednesday. “A number” favored a promise to leave rates low until inflation meets or even modestly exceeds the Fed’s 2% goal.
Covid-19: Federal Reserve revisits idea of pledging to keep interest rates low
Jul 02, 2020 09:06
The policymakers “generally indicated support” for tying rate-setting policy to specific economic outcomes, minutes from the US central bank’s June 9-10 policy meeting showed on Wednesday. “A number” favored a promise to leave rates low until inflation meets or even modestly exceeds the Fed’s 2% goal. read more
Crude oil’s six-week rally came to a halt last week amid concerns the worst of the virus isn’t over yet and as the Federal Reserve warned the pandemic could inflict lasting damage on the American economy.
Oil falls for a third day with second-wave coronavirus risks in focus
Jun 15, 2020 08:14
Crude oil’s six-week rally came to a halt last week amid concerns the worst of the virus isn’t over yet and as the Federal Reserve warned the pandemic could inflict lasting damage on the American economy. read more
The Federal Reserve dimmed some of the optimism investors have had about a swift economic rebound Wednesday, warning that the road to United States’ recovery from the worst downturn in decades due to the Covid-19 pandemic would be long.
Dow sinks 1,600 points as Covid-19 cases rise in US, deflating optimism
Jun 12, 2020 01:31
The Federal Reserve dimmed some of the optimism investors have had about a swift economic rebound Wednesday, warning that the road to United States’ recovery from the worst downturn in decades due to the Covid-19 pandemic would be long. read more
Futures lost 3.2% to drop below $39 a barrel, erasing all of the gains from the previous session. US crude inventories unexpectedly rose last week, even as oil production fell, while gasoline stockpiles also saw a surprise expansion.
Oil slips below $39 after US crude stockpiles expand to record
Jun 11, 2020 11:29
Futures lost 3.2% to drop below $39 a barrel, erasing all of the gains from the previous session. US crude inventories unexpectedly rose last week, even as oil production fell, while gasoline stockpiles also saw a surprise expansion. read more
Change lending practices; take risks; review investment criteria; align goals with national reconstruction
Corporate managers must rise to the challenge
Jun 03, 2020 17:53
Change lending practices; take risks; review investment criteria; align goals with national reconstruction read more
US Federal Reserve chairman Jerome Powell offered an overall positive message while warning that it would take much longer for the economy to regain its health than it took for it to collapse with stunning speed.
US economy may begin to recover by summer, will likely be slow: Federal Reserve Chairman
May 18, 2020 06:16
US Federal Reserve chairman Jerome Powell offered an overall positive message while warning that it would take much longer for the economy to regain its health than it took for it to collapse with stunning speed. read more
Federal Reserve chairman Jerome Powell said he believed the viral outbreak would imperil the economy for potentially a year or more, particularly if a vaccine or an effective treatment isn’t developed before then.
Fed signals it will likely hold short-term interest rate near zero for months
Apr 30, 2020 08:29
Federal Reserve chairman Jerome Powell said he believed the viral outbreak would imperil the economy for potentially a year or more, particularly if a vaccine or an effective treatment isn’t developed before then. read more
On Monday, the wholesale price index (WPI) based inflation was pegged at 2.26% for February but the retail inflation is still outside RBI’s comfort zone of 6% at 6.58%.
Policy, fiscal support to virus-hit sectors likely
Mar 17, 2020 05:40
On Monday, the wholesale price index (WPI) based inflation was pegged at 2.26% for February but the retail inflation is still outside RBI’s comfort zone of 6% at 6.58%. read more
The US Fed made its second emergency rate cut in less than two weeks, lowering the benchmark borrowing rate to a range of 0-0.25 percent, and pledged to keep it there “until it is confident that the economy has weathered recent events.”
US Federal Reserve slashes key interest rate, rolls out massive response to coronavirus
Mar 16, 2020 06:35
The US Fed made its second emergency rate cut in less than two weeks, lowering the benchmark borrowing rate to a range of 0-0.25 percent, and pledged to keep it there “until it is confident that the economy has weathered recent events.” read more
The increase in the seasonally adjusted consumer price index of just 0.1 percent shows inflation is not a concern for the world’s largest economy, and bolsters the US Federal Reserve’s aversion to high interest rates.
As coronavirus hits, US inflation largely absent in February
Mar 11, 2020 19:38
The increase in the seasonally adjusted consumer price index of just 0.1 percent shows inflation is not a concern for the world’s largest economy, and bolsters the US Federal Reserve’s aversion to high interest rates. read more
After equities suffered their worst week since the financial crisis more than a decade ago, central banks began to flag support measures, with Federal Reserve boss Jerome Powell hinting at a fresh interest rate cut at the bank’s next meeting.
Most Asia markets rise as bargain-hunting offsets coronavirus fears
Mar 02, 2020 13:02
After equities suffered their worst week since the financial crisis more than a decade ago, central banks began to flag support measures, with Federal Reserve boss Jerome Powell hinting at a fresh interest rate cut at the bank’s next meeting. read more
On the trade deal, Raghuram Rajan said there’s some progress, but it will not be a permanent solution and won’t be something that many people want to see.
Global economy in better place after fed cuts, trade progress: Ex-RBI governor Raghuram Rajan
Nov 07, 2019 12:46
On the trade deal, Raghuram Rajan said there’s some progress, but it will not be a permanent solution and won’t be something that many people want to see. read more
The unemployment rate ticked up from 3.5% to 3.6%, still near a five-decade low. And for a second straight month, average hourly wages rose a decent if less-than-robust 3% from a year ago.
US added a solid 128,000 jobs in October despite GM strike
Nov 01, 2019 19:19
The unemployment rate ticked up from 3.5% to 3.6%, still near a five-decade low. And for a second straight month, average hourly wages rose a decent if less-than-robust 3% from a year ago. read more
An investment strategist stated that while investors were panicking about the trade war, global growth and Brexit in the summer , they have now realized that the situations were not that bad.
The bond market is dialing back, just a bit, on recession gloom
Oct 30, 2019 08:14
An investment strategist stated that while investors were panicking about the trade war, global growth and Brexit in the summer , they have now realized that the situations were not that bad. read more

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