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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.... [ View ]

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.... [ View ]

Coronavirus: Restaurants extend discount dining into September - Firms will use their own money to continue offering discounts when Eat Out to Help out ends.... [ View ]

Coffee Keeps Its Mojo: Producers Overcome Pandemic Obstacles - Coffee Producers Hit By COVID Keep Exports Flowing... [ View ]

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.... [ View ]

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.... [ View ]

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