UK economy grew 2.1% in August, below analyst expectations, as recovery from the coronavirus pandemic slows
The White Lion pub seen at the Covent Garden. UK Covid-19 cases are now doubling every seven to eight days, Prime Minister Boris Johnson is considering national restrictions for a short period to “short-circuit” the virus. SOPA Images | LightRocket...
Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Years of low interest rates led to excessive risk taking in commercial real estate and will make the current economic downturn even more severe,...
Jobless claims were worse than expected amid slowdown in hiring
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job growth over the summer has cooled heading into Election Day. Economists surveyed by Dow Jones had been expecting 825,000 new...
Lloyd Blankfein sees `bubble elements’ in markets thanks to ‘free’ money
Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on Squawk Box that low interest rates were essentially creating free...
Consumers’ ‘savings buffer’ accumulated during pandemic could help aid the economy without stimulus
Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to temporarily keep the economy on track after stimulus talks stalled in Washington. Morgan Stanley estimates that U.S. households have saved an extra...
Stanford professor on the new remote work economy: A ‘productivity disaster’ and ‘ticking time bomb for inequality’
One of the biggest changes brought on by the coronavirus pandemic has been the inundation of working from home — and it doesn’t come without challenges. As an economics professor at Stanford University, I’ve talked to dozens of CEOs, senior managers...
As stimulus talks falter, the U.S. economy faces growth coming to a halt
Senate Minority Leader Chuck Schumer, a Democrat from New York, left, listens as U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks to members of the media following a meeting at the U.S. Capitol in Washington, D.C., on Friday,...
Fed officials worried that lack of help from Congress will threaten recovery, minutes show
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster than expected, according to minutes released Wednesday from the central bank’s September meeting. The Federal Open Market Committee on Wednesday...
‘No. 1 catalyst’ for market volatility is virus aid gridlock – not election uncertainty
National Securities’ Art Hogan blames the market’s wild swings on lawmakers’ inability to pass a second round of direct coronavirus relief. According to the firm’s chief market strategist, the gridlock influencing stocks is even more powerful than election uncertainty. “The No....
Mortgage rates set another record low, sparking new strength in refinances
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent...
Signal2forex.com - Best Forex robots and signals




