IEA April Energy Outlook Pressures Oil Producing Nations to cut Bigger and Faster

The People’s Bank of China cut its medium-term lending rate for financial institutions on Wednesday to the lowest level on record. This is far from “fine-tuning” of monetary policy, but rather a powerful stimulus of the banking sector, which raises concerns about smoothness of economic recovery. The government tries to deal with the fallout of […]

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U.S. economy ambles on but few signs of inflation pressures: Fed

© Reuters. Clouds over the Federal Reserve in Washington WASHINGTON (Reuters) – The U.S. economy expanded at a modest to moderate pace from early April through late May but showed little sign of breaking out of a recent trend of sluggish inflation, a survey conducted by the Federal Reserve showed on Wednesday. “On balance, pricing […]

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