Tag Archives: Federal Reserve

Oil prices weakened Monday as supply problems in Kazakhstan and Libya eased, while concerns grew about the rapid rise of Omicron cases in China, the second largest economy in the world. West Texas Intermediate, the benchmark for US crude, settled down by 67 cents, or 0.9%, at $78.24 per barrel. …

Federal Reserve Jerome Powell will appear before the Senate for his official reappointment hearing on Tuesday. In prepared remarks he will state that the “economy is expanding at its fastest pace in many years, labor market is strong”. On Monday, Powell’s prepared remarks for reappointment confirmation hearing were released. Powell …

The US Federal Reserve will release the minutes of its December policy meeting on Wednesday, January 5, at 1900 GMT and investors will look for clues into the rate future. Investors will finally get to know the likely timing of the Fed’s first rate hike with the release of last …

Fed Board of Governors member Christopher Waller said on Friday that the whole point of the Fed’s decision to accelerate the pace of its QE taper was to make the March Fed meeting “live” for a first rate hike. Under his base case scenario, a first rate hike in March …

The US Federal Reserve will announce monetary policy decisions and release the updated Summary on Wednesday at 19:00 GMT. As we get closer to the release time, here are the expectations as forecast by analysts and researchers of 5 major banks. TDS “The taper pace will likely be doubled to …

US government bond yields slid lower Friday after data showing the fastest inflation in decades reinforced investors’ expectations for the economy to start slowing next year while the Federal Reserve tightens monetary policy.In recent trading, the yield on the benchmark 10-year US Treasury note was 1.479%, compared with 1.486% Thursday.Core …

Fed Vice Chair Richard Clarida said on Tuesday that the labour market right now is a lot tighter than it was following the previous two recessions and that wages gains are healthy but not out of line with productivity.Adverse supply shocks can be a challenge for monetary policy, he added, …

The US Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday.The increased openness to accelerating the taper pace likely reflects both …

The White House announced during a press statement today, Tuesday, that the US President decided to release the strategic oil reserves of the United States of America, estimated at about 50 million barrels, within 3 months, to contribute to calming crude oil prices, especially since oil prices are high and …

President Joe Biden is expected to decide as soon as this week whether Jerome Powell will be re-nominated for a second term as Fed Chair or Lael Brainard is Biden’s pick instead.The Wall Street Journal reported that Biden’s meetings with both had only other adviser, National Economic Council Director Brian …