The Federal Reserve Bank of Chicago’s National Activity Index dropped to -1.09 in February from 0.75 (revised from 0.66) in January. This reading missed the market expectation of 0.21%. “The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.17 in February from +0.34 in January,” …
Read More »Fitch Ratings Expects Roll Back of QE by Federal Reserve in 2022
Fitch Ratings expects the United States Federal Reserve will begin next year reducing the quantitative easing (QE) measurements aimed at combating the negative economic impacts of the Coronavirus pandemic. The move could come in the form of decreasing asset purchases in 2022, which the ratings agency expects it will be …
Read More »USD Drops Following Release of Federal Reserve Statement
The U.S. Dollar (USD) fell sharply following the release of the Federal Reserve policy statement, after moving within in a tight range, mostly in the positive territory, ahead of the release of the statement and the first quarterly expectations for the American economy this year. With many investors looking to …
Read More »What is the Federal Reserve Expecting for the American Economy in 2021?
The U.S. Federal Reserve has decided on Wednesday to maintain its main rate unchanged near 0%, as well as the current pace of asset purchases at $120 billion per month until the maximum employment and 2% inflation targets are achieved. The Fed’s policy statement, which was released following the two-day …
Read More »Fed Vows to Maintain Interest Rates and Asset Purchases
The United States Federal Reserve has decided on Wednesday to maintain interest rates unchanged, keeping the target range for the federal funds rate at 0-0.25%. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed …
Read More »Federal Reserve Maintains Interest Rates Unchanged
The United States Federal Reserve announced on Wednesday to maintain main interest rates unchanged at their historically low levels, following a two-day meeting that was concluded earlier today.
Read More »Fed: Forecast From 5 Major Banks
The Federal Reserve is set to leave its policy unchanged but publish closely-watched forecasts for growth, inflation, employment and interest rates. Markets foresee an earlier increase in borrowing costs than the Fed and fear a bump up in inflation. Federal Reserve Chair Jerome Powell will hold a press conference at …
Read More »What to Expect from the Next Federal Reserve Statement?
The United States Federal Reserve is set to maintain its monetary policy and interest rates during the second meeting for the Federal Open Market Committee (FOMC) in 2021. The Fed will likely expect that the U.S. economy will achieve high growth in 2021, supported by a number of factors. First, …
Read More »U.S. Treasury Yields Rise Following Powell’s Remarks
Treasury bond yields in the United States continued to noticeably rise on Thursday, after the Chairman of the U.S. Federal Reserve, Jerome Powell, noted that the Fed is monitoring the debt market to observe any tightening conditions. Powell said that some inflationary pressures are expected in the coming period, but …
Read More »Powell’s Comments Spark Negative Market Reaction
The Chairman of the United States Federal Reserve, Jerome Powell, expects a rise in inflation in the U.S. in the coming period, but ruled out that it will impose enough pressure to raise interest rates. “We expect that as the economy reopens and hopefully picks up, we will see inflation …
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