So just how important was Federal Reserve President Jerome Powell’s speech on inflation? In the speech that markets eagerly awaited, Powell announced that the Fed would target inflation at an average of 2% over time, and that the central bank would not feel obligated to raise interest rates if it …
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LAKE CHARLES, La. – One of the strongest hurricanes to ever hit the U.S., Laura stormed Louisiana on Thursday, tearing down roofs and killing at least six people while cutting a destructive path hundreds of miles into the country. A full assessment of the damage caused by the Category 4 …
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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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Joe Biden promised to rebuild the abused American economy and tackle the coronavirus pandemic when he accepted the Democratic nomination on Thursday night, and threw himself as an ointment for a nation wounded by President Donald’s policies. Trump. In a speech that differentiated between airy rhetoric and specific proposals, Biden …
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The European currency traded at $ 1.19 on Tuesday EURUSD, + 0.53%, about 7% up since the beginning of the year and more than 11% since March 20, round the time lockdowns were implemented across the continent. The European currency is now at its highest level since May 2018, and …
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