Promises live on, even if they are not kept. The European Central Bank (ECB) promises the 350 million people in the monetary union that their euro will be worth as much tomorrow as it is today. This is written immutably on its website, as if the past three years had never happened. During this period, … Read more
This year’s Jackson Hole symposium has a special feature, as it takes place in the middle of the election season. And the election is undoubtedly a big challenge for independent central banks. This is because the monetary policy makers cannot on the one hand prejudge the outcome, and on the other hand know what the … Read more
The markets are breathing a sigh of relief today, and in Germany there is an attempt at a market recovery. Commerzbank is also benefiting from this. Tomorrow the bank will present figures for the past quarter. In the coming months, monetary policy is likely to be the focus for financial stocks. On Tuesday, the markets … Read more
Mexico City. While waiting for the US Federal Reserve (Fed) to clearly open the door today to a cut in interest rates in September, and after the rate hike by the Bank of Japan, which adds news to the session this Wednesday, the Mexican peso moderates its two-day losses against the dollar, which is falling … Read more
The potential of adjusting financial coverage to new inflation information launched yesterday was supported by San Francisco Federal Reserve Financial institution President Mary Daly. He known as June’s inflation monitor information a aid and stated additional easing in each inflationary pressures and the labor market would warrant charge cuts. “With the data we acquired at … Read more
Wells Fargo’s second-quarter revenue fell because it spent extra to retain deposits amid intense competitors for patrons’ cash, the lender mentioned on Friday. Banks at the moment are going through the results of upper rates of interest for longer as extra clients are reluctant to take out new loans at excessive prices. Banks are additionally … Read more
Washington. U.S. job progress slowed barely in June however remained above expectations, whereas the unemployment fee rose barely, which, along with wage moderation, will increase the chance that the Federal Reserve (Fed) can management inflation with out sending the world’s largest financial system into recession. The Labor Division mentioned 206,000 jobs have been created in … Read more
NY. For the primary time, the Dow Jones index reached a historic intraday excessive of 40 thousand factors, pushed by expectations that the Federal Reserve (Fed) will scale back rates of interest, after knowledge that confirmed a slowdown in inflation, in addition to sturdy studies of company income. The indicator, with an industrial element and … Read more
U.S. economic activity expanded slightly from late February to early April and there were fears among businesses that progress in reducing inflation would stall, a Federal Reserve (Fed) survey showed Wednesday, continuing with recent trends that have prevented the central bank from cutting interest rates. The U.S. central bank released its latest view on the … Read more
Remarkable images from the Netherlands. There, a motorist was able to film how a wolf walked around for a while near some cars. Normally wolves stay far away from people, but this animal didn’t seem to be afraid at all. The images were taken last Thursday evening, April 18, in Ermelo, a municipality in the … Read more