Federal Reserve

Federal Reserve Director: “Shrinking US economy by up to 30 percent” NOW

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The US economy may “easily” shrink 20 to 30 percent this quarter because of the corona virus, US Central Bank director Jerome Powell said in an interview on US television on Sunday evening CBS. Due to the outbreak of the COVID-19 virus in the United States, many companies have closed their doors. Many companies are … Read more

Powell asks for more stimuli in the US in the face of an unprecedented crisis

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The Federal Reserve The United States does not usually tell Congress or the White House what they should do, but now, before the unprecedented brutality of the crisis created by the coronavirusJerome Powell has broken the habit. In a speech on Wednesday, the Fed president has urged the legislature and the executive to give the … Read more

Inflation Returns: How To Protect Your Wealth

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I.n hurriedly scheduled emergency meetings, monetary politicians in almost all major economies have announced several hundred billion programs that add up to trillions of dollars. A real tsunami of liquidity is rolling in on the markets and economies. This creates a danger reminiscent of the 1920s: the return of inflation. Even if the big price … Read more

You do NOT have to withdraw large amounts of cash from the bank for the coronavirus

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The economic consequences of a pandemic 1:09– (CNN Business) – Yes, these are alarming times. But that does not mean that you should go to your bank, empty your accounts and put all your cash under the mattress. In the United States, bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC). And this … Read more

BMV opens and stops operations 2 minutes later, fell 7.12% – Noticieros Televisa

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The Mexican Stock Exchange (BMV) It started operations with a fall of 4.72 percent, but two minutes later the electronic whiteboard stopped, because the market decline reached 7.12 percent. We recommend you: Fear of coronavirus causes falls in stock indexes The holiday was considered “Black Monday” due to sharp falls in international stock markets, where … Read more

EDF: Coronavirus poses ‘new risk’ for US growth and world markets | Federal Reserve | China | Wuhan | World

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Updated on 07/02/2020 at 12:22 – The U.S. Federal Reserve (EDF) believe that the outbreak of coronavirus presents a “new risk”For the economic outlook of U.S and warns about disturbances in world markets. “Due to the size of the Chinese economy, a significant anguish in China it could be extended to the US and world … Read more

The Federal Reserve keeps interest rates intact in the US | Economy

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After two days of meeting of the monetary policy committee (FOMC), the Federal Reserve of the United States (Fed) has decided on Wednesday to maintain interest rates between 1.5% and 1.75% . Since the US central bank reduced the price of money three times last year, experts expect it will remain intact until there is … Read more

Trump in Davos: “We must reject prophets of doom”

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economy Speech in Davos “We have to reject prophets of doom” – Trump says before Thunberg – – As of: 2:05 p.m. | Reading time: 4 minutes “It didn’t look good for many nations before I became president” – – The 50th World Economic Forum in Davos starts with a speech by US President Donald … Read more