Fed chairman believes that interest rates need to be kept low for a long time
Fed President Powell said in an interview with National Radio (NPR) last week that despite the positive employment data for August in the United States, reflecting that many jobs have been restored, 11 million people have not returned to work, including hotels, For entertainment and tourism-related work, the bureau will not relax its vigilance, and believes that interest rates need to be kept low for a long period of time to support economic activities, and it may take several years to measure, and that it will not withdraw prematurely Support for economic needs. Regarding the impact of the new crown virus on the economy, Powell reiterated that residents are encouraged to abide by safety guidelines, such as wearing masks and maintaining social distancing, because in fact, if residents abide by the relevant guidelines, the United States will gain huge economic benefits.
British Prime Minister said on Brexit talks that it cannot continue to delay
British Prime Minister Johnson pointed out that October 15 will be the deadline for negotiations with the EU on Brexit. He also threatened that if Britain could not reach a “free trade agreement” with the EU on or before that day, it should no longer expect to reach an agreement with the EU on this issue in the future. In addition, the UK plans to establish legislation on tariff autonomy, etc., which may violate last year’s “Brexit” agreement. The European Union warned that trade negotiations may fall apart. The news caused the implied volatility of British pound options to rise sharply, reflecting the market’s disorderly withdrawal from the UK. Ou’s worries rekindled.
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