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World 06 Nov 2020 | 6:41 AM

Spotlight: U.S. Fed stands pat amid election uncertainty, coronavirus resurgence concerns

WASHINGTON, Nov. 5 (Xinhua) -- The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged at the record-low level of near zero while making no change to its pace of asset purchases amid election uncertainty and coronavirus resurgence concerns.

World 06 Nov 2020 | 4:42 AM

2nd LD Writethru: U.S. Fed keeps interest rates near zero amid election uncertainty

WASHINGTON, Nov. 5 (Xinhua) -- The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged at the record-low level of near zero amid uncertainty about the final result of Tuesday's presidential election.

World 05 Nov 2020 | 4:07 AM

Gold down on diminishing expectation for stimulus bill

CHICAGO, Nov. 4 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as investors lowered expectations for a stimulus bill.

World 26 Oct 2020 | 6:11 PM

Factbox: A look at the 44 competitive races in the U.S. House of Representatives

WASHINGTON (Reuters) - Democrats will defend their majority in the U.S. House of Representatives in the Nov. 3 election, in which about one in 10 of the chamber’s 435 seats will be the subject of a competitive race, according to nonpartisan tracking services.

World 19 Oct 2020 | 1:06 AM

U.S. House speaker sets 48-hour deadline to approve relief package before election

WASHINGTON, Oct. 18 (Xinhua) -- U.S. House Speaker Nancy Pelosi said on Sunday that White House and congressional lawmakers must reach an agreement in 48 hours if they want to pass a new COVID-19 relief package before the presidential election in November.

World 15 Oct 2020 | 3:02 AM

U.S. treasury secretary signals comprehensive COVID-19 relief deal unlikely before election

WASHINGTON, Oct. 14 (Xinhua) -- It would be difficult for the White House and Democrats to reach a deal on a comprehensive COVID-19 relief package before the presidential election in November, U.S. Treasury Secretary Steven Mnuchin said Wednesday.

World 15 Oct 2020 | 1:49 AM

U.S. economy perhaps needs another year to return to pre-pandemic peak: Fed vice chairman

WASHINGTON, Oct. 14 (Xinhua) -- It will take perhaps another year for the U.S. gross domestic product (GDP) to get back to its pre-pandemic peak, Federal Reserve Vice Chairman Richard Clarida said Wednesday.