Tag Archives: tapering

Gold prices, Monday, sum up the whole market scene in terms of market sentiment and risk appetite. The yellow metal rose about 1% as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings later on during the current …

Canada’s hot wave of inflation and the recovering labour market are accelerating pressure on the Bank of Canada to hike interest rates ahead of schedule. Investors are eyeing a fiscal policy announcement this week for clues that the central bank is turning more hawkish. Led by Governor Tiff Macklem, the …

From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. On Friday, Fed’s Chair Jerome Powell officially announced that the U. S. economy is ready for reducing the asset purchases, however, he did not think that …

The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required.As the S&P500 cash market opened, the market mood was upbeat, with the three major U. …

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, said on Friday that he thinks it is the time to start reducing asset purchases but added it’s not time to raise interest rates yet. Main Quotes:“Risks are clearly to longer, more persistent bottlenecks, and thus to …

U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …

A top Federal Reserve official said he expected elevated inflation pressures to decline without requiring a more aggressive response by the central bank next year.Fed Governor Randal Quarles says he is watching for signs that higher demand will keep prices elevated even after bottlenecks abate, but he warned of growing …

Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …

The dollar sold off on Wednesday pushed lower by falling US Treasury yields. The market mood was depressing throughout most of the day.Yields were weaker ever since the day started, but accelerated their slump following the release of US inflation data. The September Consumer Price Index was upwardly revised to …

The Federal Reserve could begin reducing the pace of monthly asset purchases as soon as mid-November, according to minutes from the September meeting,The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasury bills and $5 billion in mortgage-backed securities.Officials at the meeting …