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HONG KONG (AFP): Asian markets fell again Wednesday (May 13) after Donald Trump's top virus adviser warned that easing lockdown measures too early could spark another dangerous wave of infections and batter the economic recovery.
U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.
WASHINGTON (Reuters) - The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. jobs losses in the coming months.
DAY in, day out, we are warned of “more pain to come”, markets and economies in “free fall”, and “the deepest recession on the record.”
(Reuters) - The US recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection's spread.
WASHINGTON: The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis.
NEW YORK: It’s that time of the bull market again, when everyone decides things beyond the realm of rationality have taken over in equities. Demand is brisk for an account of all the ways investors have lost their minds.
WASHINGTON: At a glance, the Federal Reserve has set a high bar for any change in interest rates this year: A “material reassessment” of the economic outlook would be required as set forth by US central bank chief Jerome Powell.
FRANKFURT: Bond powerhouse Pacific Investment Management Co has become the latest high profile critic of negative interest rates, warning that one of the key central-bank tools in economically beleaguered Europe and Japan may do more harm than good.