The Federal Reserve convened this week for its last meeting in 2020. The Fed didn’t make any significant changes to its policy and provided accommodating forward guidance and some clarity on its asset purchase program. The Fed expects to purchase…
Since the negative rates of April, the oil market has partly recovered and settled around $40. The ongoing high uncertainty over demand, along with the changes in production in non-OPEC and OPEC countries, haven’t moved oil from its $40 mark…
In a recent report, the IMF predicted Spain’s GDP could contract by 8% in 2020; the Bank of Spain estimates this year’s decline could reach 12.4% if the lockdown lasts 12 weeks (for now, the lockdown is expected to last…
Stocks continue rising and ignoring depressing news. The Federal Reserve is the primary driver. We explain what the Fed is doing, why it is not QE and what’s next for stocks. A quick history for Fed action: The Federal Reserve…
After a hiatus, Lior Cohen and Yohay Elam return with a virtual tour around the world, kicking off in Germany and encompassing the globe. What’s next for Europe, the US, and the central bank policy? Germany in manufacturing recession: The…
Unlike last year’s contentious FOMC meeting in December, this year’s rate decision was uneventful, as the Federal Reserve kept rates, as markets expected, unchanged. Looking forward, the Fed’s dot plot points towards no change in interest rates in 2020 and…