U.S. Treasury Secretary urges more fiscal policy in Congress
U.S. Treasury Secretary Mnuchin and Federal Reserve Chairman Powell both urged Congress to introduce more fiscal policies to support the economy at the Senate Banking Committee hearing. Among them, Mnuchin suggested that Congress allocate relevant funds to projects that aid small businesses and the unemployed. As for Powell, he said that the road to economic recovery is still long. The industries hardest hit by the epidemic, such as restaurants, hotels, and entertainment venues, may need more assistance. It is more appropriate for the government to provide subsidies at this stage.
Australia’s central bank announces unchanged Witte rate
After the last interest rate meeting this year, the Reserve Bank of Australia announced that the Witer rate and 3-year Treasury bond yield target remained unchanged at 0.1%, while maintaining its A$100 billion bond purchase plan, in line with market expectations. The central bank statement pointed out that the economic recovery is underway, and the recent data is generally better than expected, but the economic recovery is expected to remain unstable and slow, and it still depends on policy support.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。