Signs of Slowing Industrial Momentum in China Cool Market Optimism

China’s economic recovery after the COVID-19 epidemic slowed down in July. Industrial production rose 4.8% YoY according to the data from National Bureau of Statistics released on Friday. The figure was below consensus estimate of 5.1%. On a monthly basis, industrial production increased 0.98%, the state-owned Xinhua news agency said. In the first seven months […]

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Fed policymakers say pickup in infections slowing U.S. economic recovery

2/2 © Reuters. Federal Reserve Vice Chairman Clarida greets a member of the Dallas Fed staff in Dallas 2/2 By Jonnelle Marte NEW YORK (Reuters) – A resurgence in coronavirus cases is slowing the economic recovery and the pandemic will continue to weigh on the U.S. economy and American life for longer than initially expected, […]

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Fed chief says coronavirus surge slowing U.S. economic recovery

© Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Ann Saphir and Howard Schneider (Reuters) – The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central bank would “do what […]

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