Bitcoin falls below $30,000, sell-off persistsNew Zealand dollar drops to nine months lows against the dollarEuro strengthens against pound EURGBP above 0.8600Gold holding form against the dollarUS stocks under pressure,…
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…
Charles Evans, Chicago Federal Reserve Bank President, expects U.S. inflation to be 2 % by 2023 and supports allowing it to rise to 2.5%, a level the Fed sees excessive,…
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…
U.S. personal incomes declined by 543.5 billion (2.7%) in August, according to press release. Disposable incomes fell by $570.9 billion (3.2%) despite rise in personal expenditures by $141.1 billion. Fall…
Seasonally adjusted unemployment insurance initial claims show 837,000. A 36,000 decline from previous week’s revised level, according to the latest Department of Labour press release. The figure comes up 13,000…
Pelosi expects to secure an aid deal with the White House this week after 50 minutes talk with Treasury Secretary Steve Mnuchin, according to Reuters. Talks expected to continue on…