![russia central bank 032318 19jun20][1]
Russia’s central bank lowered its key rate by 100 basis points, as widely expected, citing weak economic activity and more profound disinflationary pressures due to the coronavirus containment measures. The Board of Directors, led by Governor Elvira Nabiullina, decided to reduce the benchmark rate to a record low 4.50 percent from 5.50 percent. [Read more…][2]
The euro area current account surplus declined to a three-year low in April, the European Central Bank showed Friday. The current account surplus fell to EUR 14.4 billion in April from EUR 27.4 billion in March. This was the lowest since April 2017, when the surplus was EUR 11.7 billion. The surplus… [Read more…][3]
A board member of the Bank of Japan said monetary easing was expected to last even longer and it was important to implement measures that encouraged the active lending attitudes of financial institutions, the minutes of the April meeting showed Friday. At the April meeting, the board called for relaxing… [Read more…][4]
![leading index 061820][5]
After reporting sharp declines in leading U.S. economic indicators in the two previous months, the Conference Board released a report on Thursday showing its reading on leading indicators rebounded by more than expected in the month of May. [Read more…][6]
![phillyfedindex 061820][7]
Philadelphia-area manufacturing activity unexpected expanded in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity skyrocketed to a positive 27.5 in June from a negative 43.1 in May, with a positive reading indicating an expansion in regional manufacturing activity. [Read more…][8]
![jobless claims 061820][9]
A report released by the Labor Department on Thursday showed a continued decrease in first-time claims for U.S. unemployment benefits in the week ended June 13th, although claims fell by much less than expected. The Labor Department said initial jobless claims dropped to 1.508 million, a decrease of 58,000 from the previous week’s upwardly revised level of 1.566 million. [Read more…][10]
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- www.rttnews.com/3104729/u-s-jobless-claims-drop-much-less-than-expected-to-1-508-million.aspx?type=useco
- www.rttnews.com/list/us-economic-news.aspx