While the U.S. economy has seen improvement in areas that benefit from low interest rates, such as housing, there are areas that will take longer to rebound and that will depend on the coronavirus, Cleveland Federal Reserve Bank President Loretta Mester said Monday. For example, some people are able to work at home and there has been an increase in auto sales.
Income inequality in the United States narrowed in the first three years of the Trump administration as rising wages and a low unemployment rate fueled gains for lower-income and less educated families, according to U.S. Federal Reserve data released on Monday.
Income inequality in the United States narrowed in the first three years of the Trump administration as rising incomes and a low unemployment rate fueled gains for lower-income and less educated families, according to U.S. Federal Reserve data released on Monday.
Factory activity in Texas quickened its expansion pace in September to a two-year high, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, came in at 22.3 in September, up from 13.1 in August and indicative of a solid expansion of output. In the survey, researchers at the Federal Reserve in Dallas ask Texas executives about a range of conditions in the...
* Nikkei 500 hits all-time high, surpassing 1989 peak. * Key Nikkei 225 and Topix far off 1989 'bubble' highs. * Nikkei 500 has outperformed S&P 500 so far this year. * It better reflects changes in Japan's economy - fund manager. By Tomo Uetake.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Oil prices lower on rising virus cases. * Investors jittery ahead of U.S. presidential debate on Tues. By Swati Pandey. Asian markets were powered on Monday by signs China's economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Oil prices lower on rising virus cases. * Investors jittery ahead of U.S. presidential debate on Tues. By Swati Pandey. Chinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Asian shares barely moved; Nikkei rises. * Oil prices lower on rising virus cases. By Swati Pandey. Asian shares were on the defensive, while oil prices edged lower on Monday as investors were cautious ahead of a U.S. Presidential debate and as coronavirus cases spike again in a blow to global economic recovery hopes.
* Core capital goods orders increase 1.8% in August. * Core capital goods shipments rise 1.5% * Durable goods orders gain 0.4%; shipments fall 0.3% By Lucia Mutikani.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
