Yesterday Federal Reserve (Fed) Chairman Jerome Powell announced that the central bank will lower interest rates for the first time since the 2008 recession. This measure will be put in place to prevent the possibility of an economic slump, according to Powell but it is not the start of a lengthy easing cycle.
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- Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
- Fed keeps rates on hold, points to 'favourable' economic outlook next year
- German consumer price growth stabilised in November
- French consumer prices rose by 0.1% in November, as expected