Monthly archive September, 2020

UK inflation slowed to a near five-year low in August largely driven by subsidies provided for eating out and lower taxes, the Office for National Statistics reported Wednesday. Inflation eased less-than-expected to 0.2 percent in August from 1 percent in Read More →

The Organisation for Economic Cooperation and Development upgraded its global economic forecast for 2020 as output picked up swiftly following the easing of coronavirus confinement measures and the initial re-opening of businesses. According to the interim economic outlook report, released Read More →

Retail sales in the U.S. continued to increase in the month of August, according to a report released by the Commerce Department on Wednesday, although the pace of growth fell well short of economist estimates. The Commerce Department said retail Read More →

Reflecting historic traffic numbers, the National Association of Home Builders released a report on Wednesday showing homebuilder confidence jumped to a record high in September. The report said the NAHB/Wells Fargo Housing Market Index shot up to 83 in September Read More →

Citing the economic hardships caused by the COVID-19 pandemic, the Federal Reserve left interest rates unchanged on Wednesday and signaled rates are likely to remain at near-zero levels for years to come. The Fed announced its widely expected decision to Read More →

The U.S. dollar, which recovered after early weakness to go marginally up ahead of the Federal Reserve's monetary policy announcement this afternoon, slipped after the Fed said interest rates will stay near zero through 2023.Original Article Read More →