“We’re not trying to induce a recession,” the Fed chairman said while predicting more rate hikes and a slowing economy in the coming months. Unemployment is anticipated to rise to 3.7 percent by the end of 2022, eventually reaching 4.1 percent in 2024. Mr. Powell said he did not expect hikes of three-quarters of a … Read more
WASHINGTON — A key inflation measure closely watched by the U.S. Federal Reserve rose at the fastest pace in 39 years in November, increasing pressure on the central bank to tighten monetary policy. The personal consumption expenditure (PCE) price index, the Fed’s preferred inflation measure, jumped 5.7 percent in November from a year ago, the … Read more
The US has decreased interest rates almost zero to protect the economy from the influence of coronavirus. According to the international news agency, the US has also introduced $700 bn stimulus programme in a bid to conserve the economy. It is a part of a coordinated action declared in the UK, Japan, Eurozone, Canada and … Read more
