Market Overview - Page 314

The annualized drop in US GDP for the previous three months is estimated at 32.9%, against expected -34.5%. The decrease from the same quarter one year ago was 9.5%. By a wide margin, it is the sharpest decline in the.

One metric suggests that heading into its fifth anniversary, Ethereum has had a much faster rate of growth and adoption than Bitcoin. One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in.

As the pandemic continues to rage, governments are having to double down on the $11 trillion dollars worth of stimulus and unprecedented central bank support unleashed since the crisis began. While the Federal Reserve vowed to use all its tools.

The Federal Reserve left interest rates near zero and vowed to use all its tools to support the recovery from an economic downturn that Chair Jerome Powell called the most severe “in our lifetime.” “The path forward for the economy.

The price of Crude Oil keeps slipping, despite the recent weakening of the dollar. This is an unusual situation, and it seems like bad news for Oil. Currently ignoring the positive attitude, Brent and WTI may receive a powerful blow.

The dollar index bounced about 0.4% from a two-year low and the Australian dollar retreated about 0.7% from a 15-month top touched on Wednesday. The yen dipped 0.3% to 105.24 per dollar, but edged higher on other majors as the.

U.S. coronavirus deaths are rising at their fastest rate in two months and have increased by 10,000 in the past 11 days. The United States recorded 1,461 new deaths on Wednesday, the highest one-day increase since 1,484 on May 27,.

In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the Federal Open Market.

Crypto fund manager Grayscale Investments has managed to increase its assets under management by another $1 billion in less than two weeks. According to an update posted to Grayscale’s Twitter account on July 28, the investment firm currently has $5.1.

The gold market is “very strong” and could hit $3,500 in two years, one analyst told CNBC this week. Prices have surged and reached record highs on Monday amid worries over the coronavirus pandemic and tensions between the U.S. and.

The threat of inflation is much higher now than after the global financial crisis of 2008-2009. In July, price data repeatedly exceeded expectations. Today, this evidence was confirmed by Australian CPI and German Import Prices. In previous weeks, the inflation.

Today, Federal Reserve will publish the results of the two-day scheduled meeting, with Chairman Powell delivering a press conference 30 minutes afterwards. No changes in the rate or stimulus programs are expected. However, it will be a crucial meeting for.