Wednesday, August 26, 2020

Thursday's News Links

[CNBC] Dow rises by 200 points as Fed announces new inflation approach that could keep rates low

[Reuters] Rouble slides again as Putin says Belarus asked for help

[CNBC] Powell announces new Fed approach to inflation that could keep rates lower for longer

[Reuters] Fed to target 2% average inflation, elevates focus on jobs

[CNBC] U.S. weekly jobless claims total 1 million, as expected

[CNBC] Hurricane Laura batters southwest Louisiana, weakens to Category 2 after 'catastrophic' landfall

[Yahoo/Bloomberg] China Cash Shortages Push Up Funding Costs, Pressuring Bonds

[Reuters] China's industrial profits grow at fastest pace since mid-2018

[Reuters] Running on empty? Emerging markets burn through reserves fighting virus

[Reuters] Euro zone corporate lending hovers near 11-year high

[Reuters] Taiwan warns of accidental conflict as regional tensions rise

[Bloomberg] A Warning Flashes for Record U.S. Stock Rally

[Bloomberg] China’s Missiles Warn U.S. Aircraft Carriers to Stay Away

[NYT] Turkey Braces for Yet Another Currency Crisis

[WSJ] Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates

[FT] Is this the end for America’s mom-and-pop stores?

[FT] Chinese military drill ratchets up tension with Washington

[FT] Russia ready to deploy police in Belarus if situation worsens

[FT] Brazil’s and Mexico’s presidents are both ‘wrecking balls’

[FT] Brazil’s spending cap debate unnerves investors