Global stocks climbed on Monday as investors brushed off Federal Reserve chairman Jerome Powell's warning that the coronavirus-fueled economic downturn could last until the end of next year.
as it would"take a while for us to get back." However, he remained optimistic about an economic rebound if there isn't a second wave of infections.
What do you mean 'despite'? He said there is nothing fundamentally wrong and they will buy stocks if need be. No risk!
That's why they rise. As we know in the recent years the more shit we get out the happier the markets are. And this is where we can ask ourselves, is the business fair anymore...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Chairman Jerome Powell warns that economic downturn could last until late 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No kidding Spikes clusters waves peaks lows all terms used by media very often incorrectly in statistical terms. Significance of these terms must be weighed against long term trends mindful of averages baselines. 10 cases could be a spike when avg over x days is 5 cases media sensationalise The FED needs the money. They don't need a closed Market in every district distracted by teasing either. With all these people consuming and not providing taxes or keeping down dependacy there's the reason why this was tweeted.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asia Pacific stocks set to open mixed; Fed Chair Powell assesses prospects of U.S. economic recoveryU.S. Federal Reserve Chairman Jerome Powell said the economy stateside may need a coronavirus vaccine to fully recover.
Source: CNBC - 🏆 12. / 72 Read more »