Monthly archive March, 2020

A compilation of anecdotal evidence on economic conditions in the twelve Federal Reserve districts said Wednesday that U.S. economic activity expanded at a modest to moderate rate over the past several weeks.Original Article Read More →

The U.S. Dollar edged higher on Wednesday, rebounding from recent losses, as traders awaited possible interest rate cuts and other monetary easing measures from other central banks after the Federal Reserve announced a surprise rate cut on Tuesday.Original Article Read More →

The UK service sector expanded at a slower pace in February largely due to negative impact on sales from the coronavirus outbreak, final survey data from IHS Markit showed Wednesday. The services Purchasing Managers' Index dropped to 53.2 in February Read More →

Even with the next monetary policy meeting just two weeks away, the Federal Reserve announced a surprise move to enact an emergency interest rate cut on Tuesday in response to the economic risks posed by the coronavirus outbreak. The Fed Read More →

Reflecting a sharp drop in volatile defense orders, the Commerce Department released a report on Thursday showing a modest decrease in U.S. durable goods orders in the month of January. The Commerce Department said durable goods orders edged down by Read More →

A report released by the Commerce Department on Thursday showed the pace of U.S. economic growth in the fourth quarter of 2019 was unrevised from the initial estimate. The Commerce Department said real gross domestic product increased by 2.1 percent Read More →