Federal President The perfect solution Jerome Powell will testify before the US Congress on economic stimulus measures taken to date.
On Wednesday, the Fed will release the minutes of its April meeting.
Traders are awaiting unemployment benefit claims data.
The perfect solution
Retail sales shed light on spending amid the spread of the Corona epidemic, while on Tuesday we await the delivery of West Texas crude contracts for June.
While we expect to reduce interest rates from South Africa, and from Turkey again.
Here’s the most important thing to know about global financial markets this week.
1. Powell testimony, and federal minutes
On Tuesday, US Federal Reserve Chairman Jerome Powell will appear before the Senate Banking Committee, along with Treasury Secretary Stephen Mnuchin, to update government officials’ data on economic stimulus programs taken to date.
Powell spoke painfully frankly last week that affected market sentiment, stating the long-term risks affecting the American economy, and the potential need to elect officials to agree to spend programs to keep the economy afloat and prevent it from sinking.
On Wednesday, the Fed is to publish the minutes of its April meeting. In the interest statement last month, the Fed said it would keep interest rates close to zero until officials had ” sufficient confidence in the ability of the US economy to withstand the consequences of recent events .”
2. Economic data
The weekly US data continues to focus on jobless claims. The American economy is slowly returning to work, finding a foothold for itself, and economists hope the number will drop to a minimum of 2.5 million people, which will reflect the somewhat slow pace of demobilization.
Economic feasibility study
The economic feasibility study is one of the three branches of the feasibility study, as any feasibility study consists of a marketing feasibility study, a technical feasibility study, and an economic feasibility study, and this is our discussion in this article, the third branch, the economic feasibility study. Watch here