Federal banking agencies ease Volcker Rule restrictions
The change will allow banks to make investments in various areas of venture capital
- June 25, 2020 June 25, 2020
- 14:14
The change will allow banks to make investments in various areas of venture capital
The 5% drop was the sharpest quarterly decline since Q4 of 2008
The annual contraction will be the worst since post-WWII
In its semi-annual monetary policy report, the central bank pointed to "tremendous" hardship
The spending decline was far worse than the 6.9% drop in March
Economists expect that the effects of the pandemic will take a while to overcome
The outcome may be worse for the April-June quarter, economists predict
Even before the pandemic erupted, oil prices had been sinking
The Institute for Supply Management said Tuesday that its service-sector index fell to 41.8 in April
Personal incomes also fell sharply last month