FED’S DALY/BARKIN SEE HUGE PANDEMIC-CAUSED ECONOMIC CHALLENGES STILL TO COME
By Denny Gulino WASHINGTON (MaceNews) – The presidents of the Richmond and San Francisco Federal Reserve Banks Tuesday saw huge challenges ahead as government virus response programs ebb, landlords without rent payments pressure banks, displaced workers stay unemployed and customers get less enthusiastic about visits to bricks and mortar establishments as the pandemic hangs on. […]
BANK OF ENGLAND’S ANDY HALDANE HAILS UK ECONOMIC RECOVERY
— Growth Returned During the ‘Second Week of April’ By Laurie Laird LONDON (MaceNews) — The UK has enjoyed a robust economic rebound over the past several months, exceeding even the most optimistic forecasts, the Bank of England’s chief economist said Tuesday. Economic activity has recovered “sooner and faster” than the Bank of England expected, […]
FED’S BOSTIC: HIGH-FREQUENCY DATA SHOW LEVELING OFF IN ECONOMY
NEW YORK (MaceNews)- Recent high-frequency economic data suggestthe recovery is slowing as virus infections rise, Atlanta Fed President Raphael Bostic said Tuesday. Bostic, in webinar remarks to the Tennessee Business Roundtable, said the economy is rebounding from its depths in the first part of the second quarter but “more recent economic data show the upward […]