India Q1 GDP was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks.
Gold steady as Investors Eye US Fed’s Powell Speech
Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the US interest rate trajectory after dismal economic data.
The Fed is Showing Reluctance To Go Negative, But Such a Move Can’t be Ruled Out
Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told MasterMind Update Monday that he wouldn’t rule out the possibility after experiencing the financial crash.
2019: The year the Federal Reserve admitted it was wrong
The Federal Reserve and its leaders have done something unusual in 2019 for central bankers. They admitted they were wrong in their short-term and long-term outlook for the U.S. economy.
Trade Tensions Remain High After President Donald Trump’s Comments
Trade tensions remain high after President Donald Trump’s comments on Tuesday that a deal may await after the November 2020 Presidential elections.
White House plan to Roll Back China Tariffs Faces Fierce Internal Opposition
An agreement between the United States and China to roll back existing tariffs as part of a “phase one” trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.