The head of the Federal Reserve Bank of Chicago notes a slowdown in the US economy, but considers a recession unlikely

The head of the Federal Reserve Bank of Chicago, Charles Evans, in an interview with CNBC during the Asian Investment Conference, Credit Suisse, commented on financial market concerns about the inverted yield curve. He noted that the flat yield curve indicated a slowdown in economic growth. He estimates that the US economy will slow growth to 2% this year. Evans believes that this is a good growth rate, which indicates the preservation of the stability of the US economy. Therefore, the probability of a recession is very low and is no more than 25%. In his opinion, there is no need to worry about inflationary pressures, since the labor market and consumer spending remain strong.

26.03.2019
interessante

Sino-U.S. Trade Hopes rally Asian stocks

Sino-U.S. Trade Hopes rally Asian stocks Asian stocks rallied on Monday’s morning trade as China and the U.S. seemed close to agreeing on a “phase one” trade deal. The Office of the U.S. Trade Representative (USTR) said on ...
28.10.2019

Vietnam imposes duties on Chinese and South Korean steelmakers

Vietnam imposes duties on Chinese and South Korean steelmakers Vietnam had imposed five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors forced them ...
28.10.2019

AIA’s share price climb following release Q3 business results

AIA’s share price climb following release Q3 business results Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30. In a statement released ...
28.10.2019

Oil prices slide despite easing Sino-U.S. trade tensions

Oil prices slide despite easing Sino-U.S. trade tensions Oil prices slid down on Monday in Asia despite easing Sino-U.S. trade tensions. China’s Office of the U.S. Trade Representative (USTR) said on Friday that Beijing and Washington ...
28.10.2019

Glencore to trim copper and zinc production targets

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...
25.10.2019
errore
Contattaci con noi