As the daily drama of the Covid-19 count continues to scare everyone senseless, there is another a key indicator of economic rather than physical health that we also need to pay close attention to. That is how much unemployment there actually is, how much it has increased already and how much it will increase in the not too distant future.
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.
RBI To Offer Rs 1 Lakh Crore Through Repo Window
The Reserve Bank of India is continuing to supply largeamounts of liquidity to the markets and the financialsystem as it tries to prevent a freeze in the creditmarkets, in the face of the coronavirus impact on the economy and financial system.
RBI Long-Term Repo Operations Seen As Stealth Move To Bring Down Rates
RBI Long-Term Repo – “The RBI shall conduct term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of Rs 1 lakh crore at the policy repo rate,” the RBI said. As such these operations will be conducted at the prevailing repo rate of 5.15 percent.
Federal Reserve January 2020 FOMC Interest Rate Decision Today – Gold Silver Reports
The Federal Reserve is on deck to release its January 2020 FOMC interest rate decision today at 19:00 GMT. Details provided by the US central bank will likely be examined closely by market participants for clues on changes in language communicated by Fed officials regarding their relative hawkish or dovish leaning.
Federal Reserve 2020 Meetings Dates
Meeting calendars, statements, and minutes 2020
The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. Links to policy statements and minutes are in the calendars below.
Fed Monetary Policy VIEW ON 2019 RATE CUTS AND 2020 OUTLOOK
2020 VOTING CHANGES
The new year will see four regional Fed Presidents rotate into voting spots in January. In turn, this will see Mester (Hawk), Kashkari (Dove), Kaplan (Neutral) and Harker (Neutral) replace Bullard (dove), Evans (Neutral), Rosengren (Hawk, Dissenter) and George (Hawk, Dissenter), making for a slightly more dovish FOMC committee.
Fed’s Bullard: No reason for changing rates in 2020
The Federal Reserve has taken great pains to stress that its rescue of the overnight lending market is not a stealth version of quantitative easing. Wall Street isn’t buying it, though.