Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.
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.
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.
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.
Gold Rise After Trump Renews Threat of China Trade War
Gold climbed after U.S. President Donald Trump revived his attack on China, speculating it could have spread the coronavirus and threatening trade tariffs.
US Federal Reserve Warns Coronavirus “Poses Considerable Risks”
The Federal Reserve said Wednesday the coronavirus pandemic already has caused “tremendous” health and economic hardship, and warned the damage to the US economy will continue along with high unemployment.