As trade tech tensions mount between the U.S. and China the U.S. semiconductor industry fears a tech cold war is brewing that could disrupt the global supply chain.
President Donald Trump said Friday the U.S. will manufacture at least 100 million coronavirus vaccine doses before the end of the year with enough to inoculate every American by April.
The U.S. is halfway through wildfire season, and this year is already one of the worst in history. Human-caused climate change has made blazes more frequent and intense.
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week.
Hospitalizations have doubled every eight days in the U.K., and parts of France have reported reaching capacity in their intensive-care units, WHO's Maria Van Kerkhove said.
While the move to "average inflation targeting" is in a respect historic for the Fed, market participants remain largely skeptical that the central bank can achieve its newly defined goal.
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