Economic sentiment becomes weaker again

Eurozone’s economic sentiment continues to decrease due to industrial and services sector pessimism. This is a bad sign for further economic expansion. Economic sentiment index declined to 100,8.

The Bank of Canada cut their economic forecasts for the next two years

The Bank of Canada’s MPC decided to leave the monetary policy unchanged at 1,75%. The central bank has decreased their economic forecasts for 2020 and 2021.

The FOMC cut rates to protect the economy from risks

The Fed has decided to cut rates on Wednesday as there are still some risks. Fed’s head Powell has mentioned that he still expects the inflation to reach 2% margin. Powell mentioned the weakness of export, manufacturing sector and investments.