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Встреча не состоится
The Fed has cancelled the US economic policy conference in Jackson Hole and will instead be held online on 27 August. Here's why investors should pay attention.
On Friday, the Federal Reserve ...
Inflation rises
The US Department of Labour said on Wednesday that consumer prices rose 0.5% last month, slowing down from June's 0.9% increase. Economists' forecasts came true.
The release of US inflation data for July was the key event for financ...
Progress in the economy
Two Fed officials noted progress in the US economy on Monday, predicting when the central bank will begin cutting bond purchases and raising the benchmark interest rate.
On Monday, US stock indices were affected by...
Facebook and Kustomer
The European Commission (EC) on Monday began examining the impact on the European market of Facebook's acquisition of Kustomer, headquartered in New York, which specialises in creating to...
Vaccine certification
British-Swedish pharmaceutical company AstraZeneca will continue to push for certification of its vaccine by the US Food and Drug Administration (FDA). The company's chief executive, Pascal Soriot,...
Strengthening the US economy
At the end of the meeting, the Fed reassured financial markets by stating its commitment to maintaining current policy and zero rates until substantial progress on inflation and employment. The Fed do...
Labour market
Reports from the US Department of Labor show a good rate of decline in the unemployment rate and a recovery in American employment. Economists see clear signs of a full "pre-pandemic" recovery in the&...
US inflation surge
Fed Chairman Jerome Powell, speaking to a House subcommittee, reiterated that the current spike in US inflation is temporary and due to last year's fall in prices. T...
Interest rate hike
At the end of the meeting, the Fed brought the timing of the interest rate hike closer to 2023 from 2024. The US central bank also raised its forecast for overall inflation to 3.4%. The stock market w...
Annual inflation
US inflation data for May showed a jump of 5% year-on-year, the highest since the summer of 2008 and worse than the 4.2% figure in April. That said, some economists be...
G7 agreement
The G7 countries this weekend signed an agreement on a minimum global tax of 15% for large companies. It is expected to affect companies such as Google and Facebook, and make it harder to evade higher taxes through offshore co...
Inflation in the world
The Organisation for Economic Co-operation and Development (OECD), which has 36 member countries including the US, Canada, the UK and Germany, reported a rise in inflation to 3.3% in April, the fastest...
US defence
US President Joe Biden's administration has requested $752.9bn from Congress for national defence spending, of which $715bn should go to the Pentagon. This was stated in a DOD statement released on Friday.
The DOD stressed that the budge...
US inflation
Recent surveys have shown that Americans are bracing for the highest inflation rate since 2013, according to the New York Fed. Rising prices could slow the pace of the US economic recovery.
Concerns about rising inflation in the US int...
Tax rate increase
President Joe Biden is preparing to propose next week an increase in the basic tax rate for millionaires, raising it from 20% to 39.6% to fund a new government programme, the American Family Plan, which cou...
Economic recovery
Record high retail sales in March and sharply lower jobless claims in the USA show strong positive momentum from mass vaccination in the country, reduced quarantine restrictions and government incentives with direct ...
Digital dollar
Jerome Powell thinks a digital dollar launch is possible, but a decision has not yet been made.
The Federal Reserve (Fed), which serves as the country's central bank, is studying the possibility of launc...
March Fed minutes
The published March Fed minutes showed an increase in the outlook for the US economy on the back of mass vaccination and federal aid. At the same time, the central bank said that policy will only be changed after the results have b...
Modernising US infrastructure
President Joe Biden is ready to make concessions to political opposition in the US Congress on his ambitious plan to modernise the nation's infrastructure in terms of its funding....
Fed keeps interest rates on hold
The Fed meeting ended on Wednesday with the expected announcements. The stock market reacted by rising, with the US dollar declining against a basket of major currencies.
The Fed's March two-day meeting ended Wednes...
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