Monthly archive August, 2020

In a highly anticipated speech on Thursday, Federal Reserve Chair Jerome Powell announced a widely expected shift with regard to the price-stability side of the central bank's dual mandate. Powell revealed in a live-streamed speech to the Jackson Hole economic Read More →

Pending home sales in the U.S. jumped by much more than expected in the month of July, the National Association of Realtors revealed in a report on Thursday. NAR said its pending home sales index spiked by 5.9 percent to Read More →

The U.S. dollar rebounded after early weakness on Thursday, lifted by Federal Reserve Chairman Jerome Powell's announcement about a new strategy for meeting price stability and employment goals.Original Article Read More →

New home sales in the U.S. saw another substantial increase in the month of July, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 13.9 percent to an annual rate Read More →

Reflecting a significant deterioration in consumers' assessment of current conditions, the Conference Board released a report on Tuesday showing U.S. consumer confidence unexpectedly declined for the second straight month in August. The Conference Board said its consumer confidence index slumped Read More →

The value of the U.S. dollar has moved to the downside during trading on Tuesday, with the U.S. dollar index dipping 0.3 percent to 93.01.Original Article Read More →