When the economy is collapsing like lockdowns, real economic shocks, unemployment and the rest of the economy is slowing as people stay indoors and the panic from the coronavirus shock turns into an ongoing recession, there’s an actor which is supposed to step in: the Federal Reserve. The U.S. central bank, the Federal Reserve, has a dual mandate: [...]
Australia’s Employment Change has rose beyond 35K forecast to 70.7K, versus 88.7K prior and the Unemployment Rate eases below 5.8% previous readouts and 5.7% market consensus to 5.6%. "The March 2021 labour force survey was another incredibly solid report," said Gareth Aird, head of Australian economics at CBA. "It supports our non-consensus call that the [...]
The Reserve Bank of New Zealand (RBNZ) held its official cash rate (OCR) at 0.25% as widely expected anticipated on Wednesday. The Reserve Bank of New Zealand (RBNZ) has retained its large scale asset purchase (LSAP) programme at NZ$100 billion ($70.55 billion). The Funding for Lending Programme (FLP) operation was unchanged. Meanwhile, The Reserve Bank [...]
The circulation of Japan's currency and the bank deposits made a hit record in March, data showed Tuesday which is a sign that households and companies have continued to pile up savings despite signs of improvement in the economy. This data highlights on how the world's third-largest economy is struggling to fully emerge from the [...]
