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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US Federal Reserve Eased Policy on Inflation

August, 27 2020
watermark Economic news

The US Federal Reserve System (FRS) announced today that it will further ease its inflationary policy. Now the target is about 2%, the head of the regulator Jerome Powell said during an Internet symposium. The official also noted that the Central Bank is striving to ensure that «in the future, inflation would average 2%.»


The presentation also raised the topic of recent economic indicators. The number of initial applications for unemployment benefits in the United States of America for the week ended August 22, 2020 decreased from the revised figure of the previous week by 98 thousand – to 1.006 million Experts polled by Reuters predicted a drop to 1 million applications.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.