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 …

The Federal Reserve on Wednesday clarifed the way to reduce its monthly bond purchases soon. The U. S. Fed signaled that interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022.

The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …

The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …

FOMC left rates unchanged after the end of its two-day meeting on Wednesday.   

Federal Reserve has announced that the interest rate will remain unchanged. Powell is expected to signal that the central bank will soon slow its large bond-buying program in a move that would be a first step in weaning the economy off its pandemic support.

The British government has played down the possibility of any immediate moves to join a North American free trade area with the US, Mexico and Canada.10 Downing Street has insisted that Boris Johnson’s priority is still a stand-alone deal with Washington.The idea of a British bid to join the USMCA …

Sales of existing homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition keeps potential buyers on alert.“Existing homes sales fell 2 per cent last month from July to an annual rate of 5.88 million units”, the National …

Wednesday will witness the outcome of the Federal Reserve’s September meeting ending at 2:30 pm ET and policy makers still have 3 monetary policy announcements before the end of 2021the year. The meeting is expected to address the taper timeline, however investors eye the taper start date, in particular, so …