"If the current rate of decline continues, claims will dip below 1M in the second or—more likely—third week of June," said economist Ian Shepherdson.
"While the economic response has been both timely and appropriately large, it may not be the final chapter," Powell said.
While multiple brokers have seen a boom in transaction volume during the epidemic, some have experienced withdrawal issues and blamed it on the banks that remained closed due to lockdown measures.
US overnight core CPI in April experienced the sharpest month-on-month decline in history, falling 0.8% after seasonal adjustment to a record low since November, 2008, while core CPI shrank 0.4% annually.
The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Compositeinto the close. Ahead, Asia Pacific equities may fall as the Yen gains.
The European Union executive will recommend on Wednesday that border restrictions be gradually lifted and travel stalled by the coronavirus pandemic allowed to restart in order to revive tourism, a major industry across the 2
After a historic oil price rout, energy markets appear set to recover. Morgan Stanley says these 12 oil and gas stocks will benefit most.
The latest study suggests the 30-year deflation momentum may come to an end due to the coronavirus crisis, indicating re-acceleration of inflationary pressure.
Recently, the WikiFX APP updated a new version with a new function - "Detailed Credit Report".
Factory and construction workers in Russia were set to return to work on Tuesday after President Vladimir Putin ordered a gradual easing of coronavirus lockdown measures despite a sharp increase in new cases of the novel virus.
The US Dollar may rise if commentary from Fed central bank presidents James Bullard, Neel Kashkari and Patrick Harker spook markets as globally-confirmed Covid-19 cases swell past 4 million.
Investors think that, even though the unemployment numbers look bad, the US economy has hit bottom already and will get better from here
Diane Daley spent over two decades at Citigroup, eventually serving as a managing director and the head of finance and risk management infrastructure.
Australia's second-most populous state will resume face-to-face teaching from May 27, weeks earlier than expected, after a school shutdown to halt the spread of the new coronavirus, Premier Daniel Andrews said on Tuesday.
The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.
The US is in the middle of the second, or transitionary, phase after the initial shutdown. The last stage will be "the most uncertain," the bank said.
Of the 100 largest US metro areas, Zillow found that 26 saw a month-over-month decrease in median listing price, ranging from 0.1% to 3.3%.
Before the coronavirus, luxury conglomerate LVMH was posting record-breaking revenues and sending Bernard Arnault's net worth soaring.
Zerodha is an Indian retail equity broker that claims itself to be No.1 in India, but except for the broker’s marketing efforts, it’s hard to say how much Zerodha deserves this title.
Data shows foreign institutions increased holdings of China’s government bonds by 70,671 million yuan in April, raising their holdings of yuan bonds for the 17th consecutive month.
WikiFX | News 2020/5/28 11:49:34
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