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 …
Read More »Market Drivers – US Session – 16-12-2021
Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …
Read More »Fed’s Statement Signals Inflation Threshold Met
At the last meeting in 2021, the Federal Reserve decided to increase the pace of the QE tapering and the projections of the FOMC staff showed a potential of three rate hikes for next year. Analysts at Wells Fargo, point out the bar for rate hikes now rests squarely on …
Read More »Most Treasury Yields Decline, Investors Digest Fed’s Decisions
Most U.S. Treasury yields fell early Thursday, taking back some of the rise seen in the previous session after the Fed’s move to accelerate thewithdrawal of its asset-purchasing program and penciled in three interest rate increases in 2022.Meanwhile, investors weighed an interest rate hike by the Bank of England and …
Read More »US Stocks Jump, Apple Nears New Milestone
US stocks rose for a second session after the Federal Reserve said it will accelerate the withdrawal of its economic stimulus and even as weekly jobless claims moved higher. The Dow Jones Industrial Average rose 146 points or 0.4%, while the S&P 500 and Nasdaq Composite gained 0.45% and 0.39%, …
Read More »Stocks Close Higher as Markets Welcome Fed Decision
US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a much-awaited Fed statement, published at the …
Read More »Fed’s Meeting Sends Major Signals To Financial Markets
The Federal Reserve sent to the financial markets multiple indications on Wednesday immediately after concluding the two-day policymaking meeting. The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. Moreover, the pace of the …
Read More »3 Rate Hikes For 2022; Stock Market Rises
The Federal Reserve said Wednesday that it will halt crisis-driven asset purchases early next year, setting the stage for three interest-rate hikes in 2022 to help counter the threat of persistently high inflation. The stock market, which was lower as investors braced for Fed meeting news, improved, with the Dow …
Read More »Under Pressure, Fed Weighs Inflation Surge Against Omicron Fears
The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation.The identification of the Omicron coronavirus variant last month has added a new level …
Read More »Fed Meeting: Forecasts From 4 Major Banks
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 …
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