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Path ahead for U.S. economy continues to be "highly uncertain": Fed chief

WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.


Brazil's financial market forecasts 5.05 pct drop in GDP in 2020

BRASILIA, Sept. 21 (Xinhua) -- Brazilian financial analysts reduced their forecast contraction in economic growth for 2020, from 5.11 to 5.05 percent, but kept next year's growth projection at 3.5 percent for the 16th week in a row, the Central Bank of Brazil said on Monday.


Roundup: U.S. equities post 3rd straight weekly loss amid tech struggle, Fed decision

NEW YORK, Sept. 19 (Xinhua) -- Wall Street's major averages declined for a third straight week as investors continued to dump some tech-related shares while digesting the U.S. Federal Reserve's latest decision on monetary policy.


U.S. Fed's new forward guidance on rates could have been stronger: Fed official

WASHINGTON, Sept. 18 (Xinhua) -- Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said on Friday that the central bank's new forward guidance on interest rates could have been stronger to avoid premature tightening of monetary policy.


Albania's economy strongly hit by COVID-19 in H1: official

TIRANA, Sept. 18 (Xinhua) -- Albania's economy was strongly affected by the COVID-19 pandemic during the first half of this year, Gent Sejko, governor of the Bank of Albania (BoA), said during a videoconference with representatives of the International Monetary Fund (IMF).