Insana: Why the Fed’s new inflation policy could backfire
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Certain often-overlooked markets may be telling us that the Fed’s new policy framework is going to...
Coronavirus: The World Bank should care that the public does not understand its pandemic bonds
Pandemic bonds, and their cousins in the broader catastrophe bond sector, are peculiar animals. They are frequently complex, somewhat opaque, and they must wade through the mire of morbid possibility. But at heart they are insurance. Like most insurance policies,...
El-Erian: Economic recovery held back because people don’t trust each other over coronavirus
The U.S. economic recovery has been held back because Americans lack trust with one another over the coronavirus, Mohamed El-Erian told CNBC on Thursday. “It is very difficult for any individual to be certain whether the other person is healthy or not,...
Copper Futures Stop at 26-Month Highs; Positive Risks May Fade
Copper futures reached overbought levels according to the RSI and reversed lower after touching the 26-month peak of 3.0898 achieved on September 1. While the aforementioned technical indicator continues to slow down, mirroring the market’s bearish behavior over the past three days,...
Executive action is powerful, but presidents can’t save the economy without the help of Congress
With seasonally adjusted initial jobless claims totaling 881,000 last week, millions of Americans are still in need of financial assistance from the federal government. Congressional Democrats and the Trump administration are deadlocked, leaving Americans unsure if more help will arrive...
U.S. trade deficit jumps to 12-year high in July
A woman takes photos of the container ship Ever Legacy being offloaded after arriving from Taipei at the Port of Los Angeles, which is the nation’s busiest container port, on March 6, 2020 in Terminal Island, California. Mario Tama |...
Dollar Index Outlook: Dollar’s Recovery Could Extend Towards Key Fibo Barrier at 94.03
The dollar eased from recovery high (93.06) in immediate reaction on better than expected US jobless claims data. Initial claims for state unemployment benefits were 881K for the week ended on 29 Aug, in comparison to previous week’s figure at...
Weekly jobless claims total 881,000, better than expected as labor market continues to heal
New filings for jobless claims totaled 881,000 last week, better than estimates as the employment market continued its gradual progress during the coronavirus pandemic recovery. Economists surveyed by Dow Jones had been looking for a total of 950,000. The number...
U.S. productivity rises a record 10.1% in the second quarter
U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago. The Labor Department said Thursday that...
Dollar Supported as Jobless Claims Dropped to 881k, Swiss Franc Rebounds
Dollar’s rebound continues in early US session as positive response to better than expected jobless claims data. For the moment, Swiss Franc is the second strongest, followed by Euro, and both surges against the weak Sterling. Commodity currencies follow as...
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