Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Powell: US inflation likely to run hot in coming months July 14, 2021 US inflation is likely to continue to run hot in the coming months, according to the Chairman of the Federal Reserve. US Federal Reserve Chair Jay Powell said in remarks prepared for the US House of Representatives Financial Services Committee that price rises “will likely remain elevated in coming months”, but will “moderate”. Read more: [...]
Investors set to scrutinise Fed’s mettle amid inflation surge July 7, 2021 Investors will be looking for any signs of the Federal Reserve wobbling on its ultra-loose monetary policy stance as inflation surges in the US when minutes from its latest FOMC meeting are published today. Last month, the Fed was bullish on the inflation outlook, reiterating that price rises are purely transitory and will ease once [...]
City A.M. TV: A market snapshot June 25, 2021 US equity markets have since bounced, recovering most of their losses.
Wall Street cheers US Fed chair Jay Powell’s Congress appearance June 22, 2021 Wall Street cheers US Fed chair Jay Powell's Congress appearance
City A.M. TV: A market snapshot June 18, 2021 After sharp moves (in most cases losses) following on from the US Fed’s statement and press conference on Wednesday, many key asset prices remained under pressure
Fed hints that interest rate rises will start in 2023 June 16, 2021 The Federal Reserve this evening indicated that its first post-pandemic interest rate hikes could come in 2023, sending Wall Street’s markets down. Although the US central bank kept its current interest rate at the lowest possible levels, the majority of the Fed’s officials predicted at least two 0.25 per cent rate rises in 2023. That [...]
Today’s Fed meeting: Those who eat get fat, those who don’t regret June 16, 2021 According to an old Turkish saying ‘those who eat get fat, those who don’t regret.’ Traders would pick this up as taking a long equity position as investors continue to navigate an environment of low to negative yields on less risky holdings, with all eyes on the Federal Reserve later today. “It’s the Turkish way [...]
Federal Reserve strikes dovish tone to calm inflation fears May 26, 2021 The Federal Reserve last night reaffirmed its dovish approach to monetary policy, reassuring investors concerned about rising inflation. Fed vice chair Richard Clarida said the US central bank would be able to curb an outbreak of inflation and ensure a “soft landing” without hampering the country’s economic recovery. Fears have been mounting among investors about [...]