- Chicago Federal Reserve Bank President Charles Evans said Monday there is still "quite a long ways to go" for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.
Chicago Federal Reserve Bank President Charles Evans said Monday there is still "quite a long ways to go" for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.
Chicago Federal Reserve Bank President Charles Evans said Monday he is "optimistic" about the U.S. recovery, but added that there is still "quite a long ways to go" before the economy is back to full strength, and further fiscal support would be helpful.
The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0900 S&P/Case-Shiller 20- City Sep +5.6% +5.2% HPI Y/Y 1000 Consumer Confidence Nov 98.0 100.9 1000 Richmond Fed Mfg Svy Nov N/A 29 Wednesday 0830 Jobless Claims Nov 21 733 K 742 K 0830 Durable Goods Orders Oct +0.6% +1.9% 0830 Real GDP 3 Q +33.1% +33.1%* 0830 GDP Prices 3 Q +3.6% +3.6%* 1000 Personal Income Oct -0.1%...
Peru is preparing a century bond in dollars after authorizing the issuance of debt of up to $4 billion to help rein in the country's coronavirus outbreak and soften its economic impact, the government and market sources said on Monday.
With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation today forecast that holiday sales during November and December will increase between 3.6 percent and 5.2 percent over 2019 to a total between $755.3 billion and $766.7 billion.
U.S. holiday sales are expected to rise up to 5.2% in 2020, the National Retail Federation said on Monday, as Americans look to spend more on gifts during the festive period while COVID-19 cases rise.
Ellen Zentner is chief U.S. economist at Morgan Stanley. "A Covid-19 Vaccine Could Unleash Pent-Up Demand, Bringing Along Inflation" at 10:14 a.m. ET on Nov. 22 incorrectly said her title was economist. (END) Dow Jones Newswires 11-23-20 1122 ET Copyright (c) 2020 Dow Jones& Company, Inc..
Business activity in the U.S. accelerated in November to a more than five-year high despite the surge in coronavirus infections and tightening restrictions, preliminary data from IHS Markit showed Monday. The flash reading for the U.S. Composite Output Index was 57.9 in November, up from the 56.3 registered in October.
A deputy governor of Turkey's central bank said on Monday that dollarisation in the country would decline, thanks to the bank's tight monetary policy stance, after a much anticipated rate hike last week.
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