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Fed Red Alert, U.S. Recession End, Powell Testimony: Eco Day
Fed Red Alert, U.S. Recession End, Powell Testimony: Eco Day
23 Sep 2020, 06:24 PM IST
(Bloomberg) -- Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
(Bloomberg) -- Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- When Covid-19 hit and widespread lockdowns of every type of business threatened a sudden halt in the flow of money, who did Federal Reserve Chair Jerome Powell turn to? This man
- New Jersey estimates it would receive an interest rate of 2.19% if it borrows through the Fed’s new lending program to cover lost revenue during the coronavirus pandemic
- Powell is in Congress again today testifying to a House select subcommittee on the coronavirus response. Here’s what we’ve learned so far
- The panel of elite economists who judge the dates of U.S. recessions is finding that declaring an end to this year’s downturn is tougher than calling its start
Prime Minister Justin Trudeau’s lofty ambitions for “building back better” after the pandemic have come crashing into the reality of an apparent second wave of the virus in Canada
- Six months after the Covid-19 shutdowns, more than two-thirds of Canadian small businesses still haven’t returned to full sales, according to a new report
- The European Central Bank risks legal trouble if it tries to extend the “emergency powers” of its pandemic bond-buying plan to its other asset-purchase program, according to Executive Board member Yves Mersch
- China’s government has amassed trillions of yuan in unspent money, handing it fiscal firepower to stimulate an economic recovery that’s already leading the world’s rebound from the Covid-19 shock
©2020 Bloomberg L.P.
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