U. S. President Joe Biden’s pick for the official position of the Office of the Comptroller of the Currency (OCC) Chair has stirred controversy across the financial circles Biden’s pick is Saule Omarova; a Cornell University’s law professor who has been critical of cryptocurrencies. Omarova adopts a vision on a …

Britain’s FTSE index has been up by 0.2%, while sterling rose 0.8% versus the U. S. dollar to USD 1.37.The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of 2021.European investors are still digesting signals and comments by the U. …

European stocks have been traded higher Thursday as global markets reacted to the latest policy decisions from the Bank of England and the U.S. Federal Reserve.Investors are still digesting the Fed’s decisions and the statements by the Bank of England, as the IHS Markit’s flash composite Purchasing Managers’ Index (PMI) …

The Bank of England said the chance for higher interest rates appeared to have strengthened on Thursday after it pushed up its forecast for inflation at the end of the year to over 4%, more than twice its target rate.Policymakers at the Bank of England unanimously voted to leave its …

The Eurozone’s consumer confidence index has risen in September as the spread of the Delta variant was managed and controlled as continent wide lockdown restrictions were eased.The European Commission said Wednesday that its measure of consumer confidence in the single-currency area rose to -4 (flash) from -5.3 in August. This …

U. S. shares have ended the key trading sessions surprisingly on a positive side, despite the Federal Reserve’s hint for tapering. The market’s reaction to the Federal Reserve’s announcements was originally expected to represent a low and favored securities, which kept the gains even as Chairman Jerome Powell supported the …

Federal Reserve Chair Jerome Powell indicated that job gains have been very strong since January, but in August employment data slowed down markedly, particularly in leisure and hospitality sectors.Powell seemed optimistic about “Virus fears weighing on employment growth”, and expected that such concerns “should diminish over time”.Powell’s statements were as …

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most …

Federal Reserve Chair Jerome Powell, in a press conference, said central bank members forecast a tapering of the pandemic-era bond buying program ending around the middle of 2022.“Participants generally view, so long as the recovery remains on track, gradual tapering process that concludes around the middle of next year is …

The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in …