Fed’s Mester: Economic activity is slowing in some regions 0 (0)

Cleveland Fed president, Loretta Mester, remarks to CNBC
– The virus is really driving things
– Businesses have tempered hiring as virus cases have been increasing
This isn’t much of anything new that the Fed has communicated since last month – similar to the minutes last week – and the point on inflation echoes from Powell yesterday.

Go to Forexlive

Germany’s Merkel calls for citizens to take coronavirus pandemic seriously 0 (0)

German chancellor, Angela Merkel, addresses the public on the health crisis
– Coronavirus pandemic situation likely to get more difficult in the coming months
A bit of a warning from Merkel as the virus situation in the region starts to worsen over the past few weeks. Germany is now seeing over 17,000 active cases across the country

Go to Forexlive

Germany’s Merkel: Things won’t return to normal until we have a coronavirus vaccine 0 (0)

Further comments by Merkel
– Hearing that there are hopeful approaches for developing a vaccine
– Says Germany is to spend most of EU funds on existing programs
Merkel laying down some expectations over how life will be over the next few months at the very least for Germany and/or Europe for the most part.

Go to Forexlive