Fed's Daly says aiming for 'sustained' above-target inflation

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Fed's Daly says aiming for 'sustained' above-target inflation

Dec 1 (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said the U.S. central bank will need to stick with easy policy during what’s likely to be a “protracted” recovery from the coronavirus crisis if it is to bring the economy back …
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Housing drives rise in construction spending October

A strong housing market continued to fuel construction spending this fall. Construction spending grew an estimated 1.3 percent in October to $1.43 trillion, seasonally adjusted, compared to $1.42 trillion in September, according to the U.S. Census Bureau’s …
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First US COVID-19 Shots Could Be Given 24-To-48 Hours After FDA Nod, Health Official Says

(Reuters) – Healthcare workers and others recommended for the first COVID-19 inoculations could start getting shots within 24 hours after the vaccine receives regulatory authorization, the chief adviser for the U.S. government’s Operation Warp Speed …
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Are Scotch eggs snacks — or meals? As British pubs emerge from coronavirus lockdown, they must decide.

What is a Scotch egg? In simpler times, the question had a simple answer: a hard-boiled or soft-boiled egg, shrouded in sausage and breadcrumbs, deep-fried or baked. Support our journalism. Subscribe today. But as bars and restaurants reopen across …
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Dollar nose-dives on US stimulus hopes; bitcoin at new high

NEW YORK (Reuters) – The dollar fell on Tuesday to its lowest in more than 2-1/2 years, as investor appetite for risk increased on the prospects of further fiscal stimulus from the United States as well as expectations of a solid global recovery. FILE PHOTO: A …
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