At its Wednesday meeting, the Fed suggested that it is likely to hold interest rates near 0% through 2023. It was the first meeting since Powell’s Jackson Hole speech when he announced the policy shift to “inflation targeting.”
The unemployment rate smashed through expectations of around 9.8%, and instead made an epic 1.8% descent (the second largest ever after June’s 2.2%) to 8.4%. Read more from Dan North.
In a pivotal but widely expected speech on 27 August at the Federal Reserve’s annual Jackson Hole retreat, Fed Chairman Jerome Powell announced a significant shift in monetary policy to “average inflation targeting.”
Regardez la présentation d'Alexis Garatti, responsable de la recherche économique chez Euler Hermes, qui parle de l'impact de la COVID-19 sur l'économie mondiale.
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