The major markets haven’t been fascinating for the last two weeks as they digested gains of the beginning of November. Although most of the Indices have broken out on November…
President-elect Joe Biden announced plans to nominate former Federal Reserve Chair Janet Yellen as Treasury Secretary. If approved, Yellen, 74, will become the first woman to head the Treasury Department.…
New York Mayor Bill de Blasio said the residents of the city received $40 billion in stimulus help to recover from the Coronavirus, Bloomberg reports. The relief includes stimulus checks,…
In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments: Shelton’s time is running out in…
Foreign exchange markets on Tuesday priced for a possible Joe Biden president despite rising concerns over possible post-election disputes that could increase the dollar’s volatility. The dollar fell 0.44% against…
The U.S. Federal Reserve has reduced the minimum loan-level from $250,000 to as low as $100,000 in its Main Street Lending Program to support small and mid-sized firms hit by…
The U.S. economy has started Q4 solidly as private sector business activity in September grew to a rate not seen since early 2019 despite being weaker than August level, according…
President Donald Trump supports COVID-19 relief package above $1.8 and blames House Speaker Nancy Pelosi for delaying the deal, according to Bloomberg. Trump says Pelosi wants to delay the deal…
U.S. jobless claims for the week ending October 10 were 898,000, a 53,000 increase from previous week's revised level, according to press release. Weekly jobless claims higher than expected 825,000.…
Fed Chair Jerome H. Powell called for more stimulus support to speed up recovery, according to press release. Economic outlook is highly uncertain, and expansion far from complete-Powell. Households and…
Goods and services deficit in August was $67.1 billion, up $ 3.7 billion from July’s $63.4 billion, according to press release. Trade balance deficit an increase from analysts’ expectations of…
September’s nonfarm payroll employment increased by 661,000 compared, while unemployment rate fell by 0.5% to 7.9%, according to press release. Resumption of economic activity, previously halted by pandemic led to…