Finnish central bank governor Olli Rehn said on Monday that the European Central Bank was determined to act if the medium-term inflation outlook continues to miss its target of below but close to 2%.
This follows the German finance minster indicating over the weekend that the government is prepared to deploy fiscal stimulus to boost its ailing economy,People's Bank of China published new loan prime ratesInvestors stateside will be monitoring trade developments after the U.S. extended a reprieve permitting Chinese telecommunications giant Huawei to purchase components from U.S. companies to supply existing companies for 90 days.
Back in Europe, Italian politics remains a key focus as the government faces a no-confidence vote after Lega party leader Matteo SalviniReuters reported on Monday that Italy's opposition Democratic Party has held "good" initial talks with M5S over the prospect of a coalition, citing a PD source.as he seeks resolution to Britain's current impasse with the European Union over Brexit.
Fears cool but reality stays
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Dow rallies more than 200 points as Wall Street continues rebound from August sell-offAll 3 major U.S. indices climbed today as Treasury yields rebounded, quelling fears of a looming recession. Equities also got a boost after the U.S. agreed to temporarily soften policy against Huawei. The Dow rose 0.96% as the S&P jumped 1.21%. This was predictable. Only douche bag democrats would want a recession. Good to know. Everything back to normal. A weird recession we're all witnessing here ...
Source: CNBC - 🏆 12. / 72 Read more »
White House economic adviser: ‘I sure don’t see a recession’White House economic adviser Larry Kudlow dismissed fears about a possible recession after a roller-coaster week for stocks. If there's no recession coming why the pre-emptive damage control? Is he officially America’s worst economist? Said same thing in 2007
Source: YahooNews - 🏆 380. / 59 Read more »
President Trump dismisses fears of US economic recessionPres. Trump and his top advisers continue to dismiss talk that the U.S. economy is showing signs that it could be headed for a recession amid his trade war with China. Only the propaganda media and democrats predict recession. There is no looming recession. Abc news is fake news! This guy is an embarrassment to the entire world ABC LOST ITS IMPORTANCE TO AMERICA. THEY USE TO BE THE GO TO NETWORK. NOW THEY ARE OWNED BY DEM CONGRESS LIKE THE OTHERS.
Source: ABC - 🏆 471. / 51 Read more »
Trump economic adviser plays down fears of looming recessionBERKELEY HEIGHTS, N.J. (AP) — President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the... maggieNYT Goldilocks economy There is none so blind as he who will not see. Good I hope their hubris keeps them blind. A recession will guarantee a Trump implosion in 2020
Source: AP - 🏆 728. / 51 Read more »