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Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global economy.
Apr 30, 2020 12:25
First-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday.
Apr 30, 2020 08:50
US gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday.
Apr 29, 2020 15:19
White House senior advisor Kevin Hassett says US economy is in “grave situation” and the unemployment rate could be hitting the same numbers seen during the Great Depression due to the Covid-19 pandemic.
Apr 26, 2020 21:47
Distributing money to people as part of coronavirus relief measures could be catastrophic in terms of inflation, according to the Bank of Russia Governor Elvira Nabiullina.
Apr 24, 2020 15:05
The US Labor Department said on Thursday that unemployment has continued to rise at a historically unprecedented pace. Another 4.4 million applications filed last week has brought the total in the past five weeks to 26.4 million.
Apr 23, 2020 12:40
The US Federal Reserve said recently that more than half of Americans have no money in their savings accounts. That means they are desperate and will accept whatever is happening with the ‘so-called’ stimulus, says Keiser Report.
Apr 21, 2020 14:31
The economy of Spain could contract between 6.8 percent and 12.4 percent in 2020 if the Covid-19 lockdown lasts eight or 12 weeks, the Bank of Spain said on Monday.
Apr 20, 2020 12:50
The number of Americans seeking unemployment benefits continued to surge at unprecedented levels, bringing the total number of jobless claims to more than 16 million over three weeks.
Apr 10, 2020 09:56