Fed’s Mester: Rising Corporate Profits in 3Q Doesn’t Mean Recession is Behind

Economic activity and hiring have been constrained during coronavirus outbreak, confirming that the recovery will be slow and economy will need more support from monetary and fiscal authorities, Cleveland Federal Reserve Bank chief Loretta Mester said on Friday. “I really think the recovery will be slow,” Mester told CNBC. The economic data is likely to […]

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April ECB Minutes Show the Central Bank Doesn’t Know What to Expect

The minutes of April ECB meeting, released on May 22, revealed that the Central bank is eager to deliver more. “Minutes” are worthless they say, because it’s priced in… not the case this time. Two key things from the report: the ECB is ready to ease credit conditions more and the fact that PEPP remains […]

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