Fed Renews Pledge, Tourism Threat, Euro Area GDP

Fed Renews Pledge, Tourism Threat, Euro Area GDP

Welcome to Thursday, Europe. Heres the latest news and analysis from Bloomberg Economics to help you start the day:To get more news about WikiFX, you can visit wikifx news official website.   The Federal Reserve left interest rates near zero and vowed to use all its tools to support the recovery from an economic downturn that Chair Jerome Powell called the most severe “in our lifetime”   Virus upsurge is threatening South Europes nascent tourism revival   Hang on to your seat, euro area GDP will get ugly, writes Bloomberg Economics Maeva Cousin   Conditions for successfully implementing yield curve control are less favorable in the U.S., euro area and U.K. than they are in Japan, writes Bloomberg Economics Björn van Roye   Another round of talks between the Trump administration and congressional Democrats on Wednesday brought them no closer to a compromise on a virus-relief plan   Australia is lowballing the price estimate of its largest export -- a key ingredient in China‘s stimulus -- setting up a buffer for the economy and the government’s books as the Covid-19 crisis clouds the broader outlook

  Fiscal, education and health-care policies can do more than monetary policy to combat the higher unemployment rates experienced by Black Americans, Fed Chair Jerome Powell said. Meantime, a former senior Fed economist levied a broad critique of her profession, saying racism, sexism and elitism have led to bad policy advice   Food insecurity for U.S. households reached its highest reported level since data tracking began in May, with almost 30 million Americans reporting that theyd not had enough to eat