FILE PHOTO: An abandoned shopping cart lies between empty paper

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FILE PHOTO: An abandoned shopping cart lies between empty paper towel aisles during coronavirus disease (COVID-19) related hoarding at a Target store in Culver City, California, U.S., April 2, 2020. REUTERS/Lisa Baertlein/File Photo

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Credit Suisse sharply cuts Mexico’s 2020 GDP, now sees economy shrinking by 4%

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MEXICO CITY (Reuters) – Credit Suisse sharply lowered its forecast for Mexico’s economic performance this year and now expects a 4.0% contraction, citing “significant downside risks,” according to a note sent to the bank’s clients on Tuesday. Previously, the bank estimated that Mexico’s real gross domestic product would grow by a modest 0.7% in 2020. […]
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Fed needs wider QE mandate to deal with economic downturns: Rosengren

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WASHINGTON (Reuters) – The Federal Reserve should be allowed to purchase a broader range of securities and assets if the coronavirus outbreak forces the U.S. central bank to launch a new round of big asset purchases to stimulate the economy, Boston Fed President Eric Rosengren said on Friday. The central bank has begun to grapple […]
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Too white, too male: Fed takes on diversity one bank board member at a time

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By Ann Saphir and Lindsay Dunsmuir SAN FRANCISCO/WASHINGTON (Reuters) – The Federal Reserve, long criticized for being too white and male, crossed a substantial milestone last year: for the first time in its 107-year history, white men held fewer than half of board seats at the Fed’s 12 regional outposts. The shift, reinforced this January […]