Pandemic persists in policy patchwork
Fiscal and monetary policies will be central to the economic recovery between now and the availability of a COVID-19 vaccine.
Fiscal and monetary policies will be central to the economic recovery between now and the availability of a COVID-19 vaccine.
Fiscal policy will be a key focus for investors after the November election.
The development of a vaccine will play a role in shaping the global economic comeback in 2021.
Prime Minister Shinzo Abe’s resignation raises questions about the future of Abenomics and reform in Japan.
The Fed announced a shift in its approach to monetary policy and the new strategy can be viewed as a flexible form of average inflation targeting.
The U.S. and global economic recoveries are unlikely to be “V-shaped” as businesses and consumers remain wary of returning to pre-pandemic behavior.
A vaccine for the coronavirus will be supportive of risky assets even if the economic benefits take longer to materialize.
Without a proactive Fed, the rally in risk assets would be in trouble.
In a step toward closer ties, European Union leaders plan to discuss a recovery fund for countries hardest hit by the pandemic.