• Report finds global economic outlook not as bad as expected

    8 days ago - By Finance Commerce

    The global economy is not doing as bad as previously expected, especially in the United States and China, but has still suffered an unprecedented drop due to the coronavirus pandemic, an international watchdog said Wednesday.
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  • Global stocks retreat on lack of new Fed action

    Global stocks retreat on lack of new Fed action

    8 days ago - By Stl Today

    BEIJING - Global stocks and U.S. futures sank Thursday after the Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.
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  • Global stocks drop after Fed's upbeat economic outlook dents chances of more stimulus

    Global stocks drop after Fed's upbeat economic outlook dents chances of more stimulus

    8 days ago - By Business Insider

    Summary List Placement
    Global stocks slid on Thursday, while the dollar edged up, after the US Federal Reserve gave no indication that any new stimulus measures would be forthcoming, as the economy continues to recover from the effects of the coronavirus pandemic.
    In its last meeting before US presidential elections in November, the Fed raised its forecasts for US economic growth, inflation and predicted unemployment will shrink faster than it expected three months ago.
    "The recovery is here, it's well along," Fed Chairman Jerome Powell said at a press conference on Wednesday after the...
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  • Global stocks drop after Fed's upbeat economic outlook dents chances of more stimulus

    8 days ago - By Business Insider

    Reuters
    Equities and gold slide, dollar gains after Federal Reserve ups economic forecasts, suggesting less chance of stimulus.
    "The recovery is here, it's well along," Fed Chairman Jerome Powell said at a press conference on Wednesday.
    S&P 500 futures fall 1.2%, pointing to a second day of losses, dollar index rises 0.1%.
    "Markets always want more," Robert Carnell, regional head of Asia-Pacific research at ING, said. "But, should you keep feeding them?"
    Visit Business Insider's homepage for more stories .
    Global stocks slid on Thursday, while the dollar edged up, after the US Federal...
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