Markets today: Fed tilts towards a taper, Bank of England up next European markets underwent another strong session yesterday, as concerns about Evergrande diminished further, while markets in the US shook off their early week malaise by finishing close to the highs of the day in the wake of last night’s Fed meeting, which despite what looked like a fairly neutral statement, saw the central bank outline [...]
Fed to rein in stimulus measures this year Fed to rein in stimulus measures this year The US Federal Reserve is expected to outline its plan for reining in the wave of stimulus measures it launched in response to the Covid crisis this week. Experts are anticipating the Fed will formally recognise its intentions to reduce the pace of its bond buying programme this year after it concludes its rate setting [...]
Fed to provide clues on bond buying tapering next month Fed to provide clues on bond buying tapering next month Experts expect the Federal Reserve to announce its plan to wind down its ultra-loose monetary policy measures launched in response to the Covid crisis next month. Nearly two thirds of economists polled by Reuters think the US central bank will outline how it will taper its asset purchases at the next meeting of the Federal [...]
Fed says US economy has ‘made progress’ but holds rates at near-zero July 28, 2021 The Federal Reserve deems the US economy to be “strengthening” despite rising coronavirus cases, but not so much that it feels ready to wind down its economic support policies. In a new policy statement released on Wednesday following its two day meeting, the US central bank said: “With progress on vaccinations and strong policy support, [...]
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