Post Tagged with: "coronavirus pandemic"

Source: CNBC

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year


The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic.

Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, …

June 10, 2020 - 2:30 pm Economy, Finance, Regulatory
Source: Houston Chronicle

Global oil use heads for record annual drop as virus spreads

Houston Chronicle

Global oil consumption is in free-fall, heading for the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the coronavirus outbreak.

Travel bans, work-from-home, canceled vacations and disrupted supply chains all mean reduced demand …