Coronavirus: UK worst hi, Fed relaxes inflation target in policy shift and other Economy news
The economy news of 2020-08-30 on Tamugaia - Coronavirus: UK worst hit among major economies, and Fed relaxes inflation target in policy shift.
Coronavirus: UK worst hit among major economies -
The OECD think tank says the UK was the worst affected among major economies between April and June....
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Fed relaxes inflation target in policy shift -
It will give the central bank more flexibility in how it aids the US recovery, says Chair Jerome Powell....
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Coronavirus: Restaurants extend discount dining into September -
Firms will use their own money to continue offering discounts when Eat Out to Help out ends....
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Coffee Keeps Its Mojo: Producers Overcome Pandemic Obstacles -
Coffee Producers Hit By COVID Keep Exports Flowing...
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Rebound In Consumer Spending Fades In July -
Consumer spending rose 1.9% last month — but the rebound slowed from May and June. Unemployment benefits continued to prop up spending in July, but that may change in August....
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More Space, Please: Home Sales Booming Despite Pandemic, Recession -
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors....
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