Economy

U.S. congressional hearing likely to spotlight Powell, Mnuchin split over pandemic lending | Howard Schneider

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell seem collectively earlier than a congressional panel on Tuesday in a listening to more likely to spotlight divisions over what extra must be performed in response to the COVID-19 pandemic.

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UPDATE 1-Czech factories boost economy, limiting damage from second pandemic wave

in.reuters.com | PRAGUE, Dec 1 (Reuters) – The Czech economic system rebounded greater than anticipated within the third quarter and November manufacturing unit sentiment reached its …

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UK house price inflation hits highest in almost six years: Nationwide | William Schomberg

www.reuters.com | LONDON (Reuters) – British home costs rose by probably the most in almost six years in November, mortgage lender Nationwide mentioned on Tuesday because the nation’s housing market booms even whereas the broader financial system struggles with coronavirus. In annual phrases …

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Dollar sellers return with an eye on the Fed | CNBC

The greenback was below stress on Tuesday, after closing out its worst month since July with just a little bounce and as buyers reckon on much more U.S. financial easing.

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