Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Fed's Kaplan sees downside risk from virus resurgence

11/09/2020 | 05:10pm EST

Nov 9 (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Monday the U.S. economy is rebounding from a deep contraction, but the resurgence of COVID-19 poses downside risks, particularly if it overwhelms hospitals in certain areas.

"Right now, the trends are in the wrong direction," Kaplan said in a virtual event for the Louisiana communities of Shreveport and Bossier City.

Cases of the novel coronavirus have surged across the United States, prompting authorities to renew restrictions on economic activity in some cities, including El Paso, Texas, as well as whole states such as Utah. (Reporting by Ann Saphir Editing by Chris Reese)


© Reuters 2020
Latest news "Economy & Forex"
03:38pBANK OF JAMAICA : Press Release - which inflation rate
PU
03:35pDollar slides vs most currencies on optimism about Biden administration
RE
03:30pOil rises on U.S. stimulus hopes, tighter market under Biden
RE
03:27pDollar slides vs most currencies on optimism about Biden administration
RE
03:26pU.S. and Canada underestimating climate risk from abandoned oil and gas wells -study
RE
03:24pCANADA FX DEBT-Loonie notches 3-year high as Bank of Canada skips 'micro rate cut'
RE
03:23pPESA PETROLEUM EQUIPMENT & SERVICES ASSOCIATION : International Trade Policy Committee Survey
PU
03:01pEcuador president hopeful Arauz would scrap IMF economic program
RE
02:58pMexican president says cash bill must respect central bank's autonomy
RE
02:52pS&P 500, Nasdaq scale highs as Netflix jumps, Biden inaugurated
RE
Latest news "Economy & Forex"