Pandemic loan programs have been very helpful and it is disappointing to see them end, he said Friday. the president of the Federal Reserve Bank of Chicago, Charles Evans, told CNBC, Reuters reported. Additional conclusions “The economy is working through the virus.” “We are concerned about the increase in cases, challenged sectors such as the […]
Tag: Fed
The dispute between the Treasury and the Fed confuses the markets, the Brexit and the coronavirus in the crosshairs
This is what you need to know to trade today Friday, November 20: The US dollar is slightly lower amid a showdown between the US Treasury and the Federal Reserve over stimulus funds. Coronavirus fears and vaccine news are also stirring markets. Brexit developments are in the spotlight. The safe haven dollar it has cut […]
A divided government is very likely
Tom Barkin, Chairman and CEO of the Richmond Federal Reserve, says spending is coming back faster than employment. Additional conclusions “The recent escalation in cases makes me believe that we still have a long way to go.” “It seems very likely that there is a divided government.” “Maybe there is a smaller specific stimulus, but […]
AUD / USD climbed back to day highs near 0.7330
AUD / USD has rallied to hit new highs for the day at 0.7329, attracting buying interest at 0.7300. The Aussie is trading near monthly highs and remains buttressed amid risk appetite conditions / mild USD conditions. AUD / USD is targeting a third attempt to break above its recent range at 0.7339. The strength […]
The Fed can keep pushing to improve the labor market without having high inflation
John Williams of the New York Fed has said that a loss of fiscal support could slow the economy in the coming months. Key takeaways “I am optimistic about the news about vaccines and see the aid as a bridge.” “The Fed is fully aware that it only met its inflation target briefly and that […]
It is not unreasonable to imagine the Fed embarking on a rate hike cycle in 3-4 years
The Bank of America (BofA) recently highlighted the probabilities of a Fed rate hike in the next 3 or so years, or even sooner, considering the 10-year bond yields and the economic transition. The US bank quotes Fed Chairman Jerome Powell, although he initially defied rate hike probabilities before saying, “the market is thinking about […]
Temporary job loss is now becoming permanent
Temporary job losses seen at the start of the pandemic are now becoming permanent, the Atlanta Fed President Raphael Bostic, as reported by Reuters. “The recovery has been the weakest for black workers,” added Bostic. Market reaction These comments do not appear to have a significant impact on market sentiment. At the time of writing, […]
The vaccine will lead to a strong recovery as it enters the population – Raphael Bostic
The Federal Reserve will monitor the economy from now until the next meeting for guidance on possible changes to the asset purchase program.the President of the Atlanta Fed told CNBC on Tuesday, Raphael Bostic. Featured statements: “We are watching to see if the weakness in retail sales translates into something deeper.” “Some people may be […]
The economy won’t go back to where it was
Philadelphia Fed President Patrick Harker He said on Friday that the US economy was very strong before the pandemic hit, noting that it “will not go back to where it was,” as Reuters reported. “The pandemic has exacerbated trends in the economy, including inequality and automation,” Harker added. “It will be important to train workers […]
Financial stability is not a key concern in the midst of a pandemic
The Federal Reserve’s current pace of asset purchases has been effective and monetary policy is in a very good place, the Federal Reserve said on Friday. Chairman of the St. Louis Federal Reserve, James Bullard, as reported by Reuters. Additional conclusions “Even if the Fed’s emergency programs are closed at the end of the year, […]
