Delaying Rate Hikes Averted Bigger Slowdown, Fed Economists Say (News: 25/05/2016)
Today’s Press
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Delaying Rate Hikes Averted Bigger Slowdown, Fed Economists Say
The U.S. Federal Reserve”s decisions to delay interest-rate hikes helped cushion the economic shocks caused by rapidly rising borrowing costs for U.S. companies from late last year through early 2016, according to economists at the New York Fed.
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Europe ends sharply higher as banks rally and oil recovers; M&S tumbles
European equities finished Wednesday sharply higher, after a new debt deal for Greece and a recovery in oil prices lifted market sentiment.
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Wildfires will hurt economic growth: BoC
The economy will be weaker than expected in the second quarter due to the Alberta wildfires, the Bank of Canada said Wednesday as it kept its key interest rate steady at 0.5%.
Next Trading Day’s Important Events
- 15:30 (GMT+3) US Durable Goods Orders
Forex Quotes:
- USDJPY: 110.22
- EURUSD: 1.1164
Indices:
- S&P 500: 2,093.50
- NASDAQ : 4,903.89
Source:: Delaying Rate Hikes Averted Bigger Slowdown, Fed Economists Say (News: 25/05/2016)