Weekly Financial Market Update - August 23, 2019
August 26, 2019
Last week central banks around the world continued to embrace stimulus in reaction to slowing global economic activity and heightened trade tensions. In Asia, Chinese authorities introduced a new loan prime rate to reduce borrowing costs. In Europe, German Finance Minister Olaf Scholz discussed a fiscal response if the country falls into recession, and the European Central Bank expressed plans to deliver additional quantitative easing in September. The United States is one of 30 countries that has reduced interest rates so far this year citing a decelerating global economy, increased trade tensions and subdued inflation.
Learn more about financial developments, including comments from Federal Reserve Chairman Jerome Powell in our Weekly Financial Market Update.