President of the Federal Reserve Bank of Dallas, Robert Kaplan, has expressed tolerance with the idea of the inflation rate going above the 2% target. “I would be willing to see inflation run moderately above 2% in the aftermath of periods where we’ve been running persistently below.”“I’m not making a …

Oil prices settled lower on Friday, narrowing its weekly gains, amid concerns over the recovery of the demand and a second wave of the coronavirus (COVID-19) pandemic. Brent crude futures for October delivery finished lower by 0.4% at $44.80 per barrel, but gained 0.9% for the week. Meanwhile, the West …

The review of trade deal between the United States and China, which was scheduled to take place on Saturday, has been delayed, Reuters first reported. However, the new date for the review has not been announced yet. U.S. Trade Representative Robert Lighthizer recently expressed satisfaction regarding the trade agreement between …

Gold prices declined on Friday, marking the end of the worst-performing week for the precious metal since March. An increase in the U.S. Treasury Yields has dominated some of the market’s demand for safe havens, leaving its toll on the yellow metal. After trading as high as 2,072 last week, …

Concerns over a second wave of the coronavirus disease (COVID-19) led European stocks to close lower on Friday. The STOXX Europe 600 index fell by 1.17% to end the week at the level of 368.16 points. Meanwhile, FTSE100 dropped by 1.55%, and CAC40 settled lower by 1.58%. DAX fell by …

Business inventories in the United States declined during the month of June by 1.1% after decreasing by 2.3% in May, according to data by the U.S. Census Bureau of the Department of Commerce Retail inventories decreased by 2.6% in June, while wholesale inventories fell by 1.4%. Due to recent events …

Manufacturing sales in Canada grew by a record 20.7% to CAD 48.7 billion in June, after rising by 11.6% increase in May, according to data by Statistics Canada. Many factories operated at a much higher capacity in June, with the capacity utilization rate for the total manufacturing sector increasing by …

The consumer sentiment in the United States remained largely unchanged in early August, according to preliminary data from the University of Michigan. The consumer sentiment index increased by 0.3% compared to its level in July, adding 1% compared to its record low level in April. On an annual basis, the …

Industrial production in the United State rose by 3% during the month July, registering its third consecutive monthly increase, data by the U.S. Federal Reserve showed on Friday. However, production remains below its levels prior to the COVID-19 pandemic by around 8.4%

The United States nonfarm business sector labor productivity increased by 7.3% during the second quarter (Q2) of 2020, as shown by the data released by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor on Friday. However, output decreased by 38.9% and hours worked declined by 43%. …