Unemployment expected to be at 9.3 per cent at the end of 2020
“We’re not even thinking about thinking about raising rates,” Fed chair Jerome H Powell said during a video press conference on Wednesday. “We are strongly committed to using our tools to do whatever we can for as long as it takes.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US economy will shrink 6.5% this year, Fed forecastsCentral bank paints bleak outlook for economy in 2020 and plans to keep rates close to zero, but forecasts 5% growth next year and 3.5% in 2022
Read more »
US-China Trade War: Why US will ‘tread more carefully’ than it did with IranUNDER PRESIDENT Donald Trump, the US has launched a trade war on China, placing a plethora of tariffs on a wide range of goods.
Read more »
Top editors resign amid accusations of racist ‘toxic culture’ at US publicationsCalls for editors to be more accountable for their actions as editors from the New York Times, Bon Appétit, Refinery29 and the Philadelphia Inquirer resign
Read more »
Unreliable data: how a tiny US company influenced Covid-19 policy globallyIn May a single study published in one of the world’s leading medical journals led to trials of a possible coronavirus treatment being halted around the world. Weeks later the study was retracted and the company behind the data used is facing serious scrutiny. Melissa Davey tells us how it all unravelled
Read more »
Boris Johnson's US trade deal will make Britain a paradise for disaster capitalists | George MonbiotChlorinated chicken is just the start. The government intends to rip down food standards, public services and public protections, says Guardian columnist George Monbiot
Read more »
WW3 fears: China issues stern warning to Trump as US plans new nuclear testCHINA has warned the US it is 'gravely concerned' following reports US President Donald Trump is considering resuming nuclear testing for the first time this century.
Read more »