Monthly archive July, 2020

With fuel prices continuing to skyrocket, the Labor Department released a report on Wednesday showing U.S. import prices surged up by more than expected in the month of June. The report said import prices shot up by 1.4 percent in Read More →

Following four consecutive months of contraction, the Federal Reserve Bank of New York released a report on Wednesday showing New York manufacturing activity expanded in the month of July. The New York Fed said its general business conditions soared to Read More →

Industrial production in the U.S. spiked by even more than anticipated in the month of June, according to a report released by the Federal Reserve on Wednesday. The report said industrial production soared by 5.4 percent in June after jumping Read More →

The U.S. Dollar was weak against most major currencies on Wednesday amid an improvement in risk sentiment following positive developments on the coronavirus vaccine front.Original Article Read More →

While U.S. economic activity increased in almost all Federal Reserve districts in recent weeks, the central bank's Beige Book noted activity remained well below where it was prior to the COVID-19 pandemic.Original Article Read More →

The U.S. dollar was weak against most major currencies on Tuesday as risk sentiment improved after U.S. stocks gained in strength, and on optimism about a big stimulus package from the European Union.Original Article Read More →