Looking ahead, US fiscal stimulus negotiations may be in focus as officials scramble to get a deal done before Congress departs for a recess at the end of the week. Democrats have put up a proposal costing $3.5 trillion while Republicans countered with a $1 trillion scheme.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Moody’s Downgrades India’s Sovereign Rating By One Notch
Moody’s Investors Service had the highest rating on India, having upgraded it in 2017. Fitch Ratings and Standard and Poor’s rate India one notch below Moody’s.
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as …
Negative Interest Rates From the US Federal Reserve Any Time Soon – Gold Silver Reports
While joining the chorus of policymakers and analysts, Goldman Sachs also rules out negative interest rates from the US Federal Reserve any time soon in its latest client note.
USD Retail Sales (MoM) Data 15-05-2020
The retail Sales released by the US Census Bureau measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive (or bullish) for …
Coronavirus Impact – Wall Street Sinks Again on Fed Warning of Prolonged Recession
Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.
The Fed is not considering negative interest rates
Fed Chair Jerome H. Powell said the central bank is not considering lowering interest rates below zero, saying that negative rates are not necessary given the Fed’s other tools.
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Gold steady as Investors Eye US Fed’s Powell Speech
Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the US interest rate trajectory after dismal economic data.
The Fed is Showing Reluctance To Go Negative, But Such a Move Can’t be Ruled Out
Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told MasterMind Update Monday that he wouldn’t rule out the possibility after experiencing the financial crash.
Export Data From China Supports Markets
Export Data From China showed that exports increased last month, and this unexpected development provided a boost to global markets.