The U.S. government posted a budget deficit of $311 billion in February, a record high for the month and up $76 billion from the same month last year, as outlays to fight the coronavirus pandemic remained high, the Treasury said on Wednesday.
Read more about Oil nearing $70 worries consumer nations, may hamper economic recovery on Business Standard. Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries
Mexico's central bank on Monday said it will hold two dollar auctions of $750 million each on March 3 and March 8 through its $60 billion swap line with the U.S. Federal Reserve.
A pause in the U.S. dollar's steep downtrend shows signs of morphing into a more robust rebound, posing a threat to post-pandemic economic recovery and investment flows into emerging markets.
By Reuters Staff
1 Min Read
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
WASHINGTON (Reuters) - The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.
In a statement, the Fed said three other emergency facilities the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, and the Primary Dealer Credit Facility would expire as scheduled on March 31, saying they had not seen “significant usage” in months.