Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

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Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’


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San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds.

There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds

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There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds


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Using a scientific method initially developed to measure human skulls, researchers from MIT and State Street say there’s a 70% of recession in the next 6 months.

A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says

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The spread of the coronavirus could lead global central banks including the Federal Reserve to leverage their policies to stem the weakness, says Benn Steil, international director of economics at the Council on Foreign Relations.

US trade deficit shrinks in 2019 for first time in six years

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The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

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Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association.