The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
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Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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BEIJING – While the rest of the world is struggling to contain the coronavirus, China’s recovery is gaining momentum, and it is positioning itself to close its gap with the US economy further. Throughout China, restaurants and gyms are busy again. Metro cars and lounges for departure from airports are …
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A Bullish start to the week is underway, fueled by hopes of easing US-China tensions and signals US President Donald Trump will try to track down some coronavirus treatments. Hopes also build that markets will receive supportive remarks from Federal Reserve Chairman Jerome Powell at the central bank in Jackson …
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