Fed Expected to Leave Policy Unchanged – Traders are expecting a lot of fresh news from the Fed when it releases its monetary policy statement at 18:00 GMT.
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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.
Asian Markets Rise ahead of Fed Meeting – Gold Silver Reports
Fed Chairman Jerome Powell is scheduled to speak Wednesday after the Fed ends its two-day meeting.
Gold Reverses Gain on Signs U.S. Consumer Sentiment Stabilizing
Gold Prices fell as much as 1.1%, after earlier rising 0.8%. Data Friday showed that while the University of Michigan’s final sentiment index dropped to 71.8, the level was higher than the median projection of 68 in a GSR survey of economists.
Russia Cuts Key Interest Rate as Coronavirus and Oil Price Plunge Take Hold
The move comes as the spread of the coronavirus pandemic and a historic plunge in oil prices of late pose unprecedented threats to the Russian economy.
Reserve Bank of India likely Sold a Net $1.8 Billion
The Reserve Bank of India likely sold a net $1.8 billion in the two weeks ended April 10. That follows likely sales of $7.7 billion in the spot forex market last month, which made the authority a net seller for the first time in seven months.
Beijing Pays the Price for the Slow Pace of Economic Reform
As the world’s largest nations send out helicopter money amounting to well more than 10% of their gross domestic product to fight the economic effects of the coronavirus pandemic, China, which just suffered its first economic contraction in two decades, is conspicuous for its stinginess.
China is Widely Expected to cut its Benchmark Lending Rate
China is widely expected to cut its benchmark lending rate on Monday to provide furthersupport for the coronavirus-hit economy, which shrank for the 1st time on record in the 1st quarter.