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News

News

Fed Chairman Powell: We will use our tools to keep expansion going

  • Trade disputes are inserting uncertainty into global supply chains
  • Trade concerns weigh on U.S. economic outlook
  • Relationship between inflation and unemployment has become weaker
  • The natural rate of employment is lower than we thought
  • Policy has not been as accommodative as we thought
  • U.S. economy in a very good place but uncertainties weigh
  • We've signaled that we are open to more accommodation
  • U.S. consumer part of economy is intact
  • Worried by some weakness in business sector, tied to softness and global manufacturing

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18:05 17.10.2019
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17:36 17.10.2019
Tail risk of no-deal Brexit has diminished further – Danske Bank
Analysts at Danske Bank note that, after the UK and EU27 reached a new Brexit deal today, the next uncertainty is whether PM Boris Johnson can get it over the finish line when the deal is put to a "meaningful vote" on Saturday. “The DUP has rejected supporting the deal, so it will be very very difficult for Johnson to get a majority in the House of Commons (which would have been difficult even assuming the DUP was on board). We still doubt the pro-Brexit Labour MPs will vote in favour of a
17:22 17.10.2019
Canada sees bounce-back in manufacturing sales in August – RBC
Nathan Janzen, the senior economist at the Royal Bank of Canada (RBC), notes that Canada’s headline manufacturing sales rose 0.8% in August while volume sales increased 0.6%.“The bounce-back in August manufacturing sales (from a 1.3% drop the prior month) was largely as-expected. Transitory summer motor vehicle assembly shutdowns weighed on output in July and a resumption of activity contributed to an increase in August. Still, sales were also up 0.7% excluding the motor vehicle.Controlling for
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