![eccles building 112818 10jun20][1]
While the Federal Reserve expects the U.S. economy to rebound in 2021 following a sharp contraction this year due to the coronavirus pandemic, the central bank has indicated interest rates are likely to remain at current near-zero levels through 2022. The Fed on Wednesday announced its widely expected decision to maintain the target range for the federal funds rate at zero to 0.25 percent. [Read more…][2]
China’s bank lending declined but credit growth improved in May, data from the People’s Bank of China showed Tuesday. Bank lending decreased to CNY 1.48 trillion from CNY 1.7 trillion in April. The broad measure of money supply, M2, climbed 11.1 percent annually at the end of May, the same rate… [Read more…][3]
The Organisation for Economic Cooperation and Development said the coronavirus, or Covid-19, pandemic has triggered the most severe recession in nearly a century. As restrictions begin to ease, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections, the… [Read more…][4]
![consumerpriceindex 061020][5]
After reporting the biggest drop in U.S. consumer prices in over a decade in the previous month, the Labor Department released a report on Wednesday showing a modest decrease in consumer prices in the month of May. The Labor Department said its consumer price index edged down by 0.1 percent in May after slumping by 0.8 percent in April. [Read more…][6]
![economic outlook1 10jun20][7]
The Organisation for Economic Cooperation and Development said the global economy is undergoing the deepest recession since the Great Depression in the 1930s due to the coronavirus, or Covid-19, pandemic. As restrictions begin to ease, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections. [Read more…][8]
After reporting the biggest drop in U.S. consumer prices in over a decade in the previous month, the Labor Department released a report on Wednesday showing a modest decrease in consumer prices in the month of May. [Read more…][9]
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- www.rttnews.com/3102685/fed-expects-interest-rates-to-remain-near-zero-through-2022.aspx?type=alleco
- www.rttnews.com/3102532/china-bank-lending-declines-in-may.aspx?type=alleco
- www.rttnews.com/3102518/oecd-says-path-to-economic-recovery-highly-uncertain.aspx?type=alleco
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- www.rttnews.com/3102633/u-s-consumer-prices-show-modest-decrease-in-may.aspx?type=useco
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- www.rttnews.com/3102600/oecd-says-global-economy-faces-deepest-recession-since-great-depression.aspx?type=useco
- www.rttnews.com/3102593/u-s-consumer-prices-edge-down-0-1-in-may.aspx?type=useco
- www.rttnews.com/list/us-economic-news.aspx