Tag Archives: powell

Everybody’s baseline forecast will now be for the Fed to accelerate the tapering of its bond purchases at the Dec. 15 meeting.Economics late yesterday predicted that the Fed would double the pace of acceleration, to $30 billion a month starting in January. That would wrap up the Fed’s QE by …

US Fed Chair Jerome Powell, in testimony prepared for delivery Tuesday before the Senate Banking Committee, and released Monday by the Fed, said that he continues to expect high inflation to recede over the next year as supply and demand come into better balance, but warned that prices could continue …

US Treasury yields edged higher in uneven trading in a holiday-shortened week on Tuesday as investors prepared for the Federal Reserve to become more aggressive in fighting inflation after Biden nominated its chair Jerome Powell for a second term. The yield on 10-year Treasury notes was up 3.1 basis points …

Atlanta Fed’s Raphael Bostic said on Monday night interview on Bloomberg TV that faster taper would give the US more optionality, but “we still have a COVID economy, he added.Given the mixed comments and Wall Street’s latest mild reaction, as S&P 500 Futures printed 0.14% intraday gains following the comments …

The biggest signal that Federal Reserve Governor Lael Brainard is a major candidate to succeed Jerome Powell as U. S. Fed Chair has generated a wave of speculations over how financial markets would react if Biden announced her as his nominee.The longest wait for the announcement in the modern era …

Fed Chair Jerome Powell spoke, Monday, before the “Gender and the Economy Conference”, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast). Following is the full text of Powell’s speech: Good morning. I am pleased to …

All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …

The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement.Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later this …

Global financial markets positively closed the U. S. trading session. U. S. shares surged while currencies fluctated over risk sentiment, with the exception of the U. S. dollar, which uniqely performed. Economic DataThere was hardly any economic data impacting price movements in the US period, but the markets are awaiting …

Wednesday will bring decisions of the Fed’s November meeting to the financial markets, and Friday will bring Non-farm Payrolls, so financial markets rre amid some heavy drivers for the USD.It is expected that this is the rate decision at which the Fed will announce their intentions to begin tapering asset …