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China Moves to Reassure Global Banks and Investors After Market Rout: WSJJul 29, 2021 - 05:14:24 PDT
China moved to contain the fallout from a regulatory assault on tech firms that has rattled investors, with a top securities regulator privately telling global financial institutions that Beijing will consider the impact on markets when it introduces new policies.
The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery.
You’re in good company if you can’t figure out why U.S. Treasury yields are tumbling. Jerome Powell isn’t sure either.Bonds have relentlessly rallied for months, even as inflation spikes to 13-year highs. Textbooks and Wall Street lore say yields should be jumping instead of diving in the face of that.The Federal Reserve chairman weighed in...
The Fed Edged Toward Reversing Its Easy Policies, but It May Move Slower Than Some ExpectJul 29, 2021 - 05:06:36 PDT
The central bank is a step closer to winding down its bond-buying program, but some market pros say it could be months before the Fed announces a move.
On Tuesday, Apple CEO Tim Cook warned silicon supply constraints would affect sales of the iPhone as well as other products like the iPad.
U.S. Treasury yields were flat Thursday as investors continued to digest the Federal Reserve's latest policy update.
A roughly $1 trillion bipartisan infrastructure investment bill advanced in the U.S. Senate on Wednesday, passing a key milestone that moves the emerging legislation toward formal debate and possible passage.
Pacific Tsunami Warnings Lifted After Magnitude 8.2 Earthquake in AlaskaJul 29, 2021 - 04:57:41 PDT
Tsunami warnings were lifted for Alaska and the rest of the Pacific after a huge earthquake of 8.2 magnitude struck the seismically active U.S. state Wednesday.
Jul 28, 2021 - 12:49:17 PDT
Federal Reserve Chairman Jerome Powell warned that the risk of inflation "could turn out to be higher and more persistent than we expected" following a decision to keep the interest rate unchanged.
Given the unprecedented nature of the COVID-19 pandemic and its effects on labor markets, there is a spirited debate over whether the US economy is close to returning to its full potential. If it is, the US Federal Reserve is at risk of falling behind the curve.
The USD index gained foothold around the 92.50 mark, halting the two-day sell-off ahead of the Fed event. Overall, FX and equities stay range-bound suggesting market prefer to take wait-and-see stance before the major Fed updates. However, it’s quite possible that the Fed will prefer to take a timeout on major policy news till the Jackson Hole conference in August...
First is the Federal Reserve’s massive QE4 program, which in size and pace is a behemoth compared to the mortgage bond purchase programs seen during QE1 and QE3. This current QE alone now accounts for almost $2.3 trillion in mortgage bond purchases since March 2020, while the previous two QEs combined took down $2.75 trillion. The Fed now holds about 31% of the entire agency mortgage market on its balance sheet.
The advance trade data on goods came out today. Let's have a look.
With so much focus being placed on the inflation versus deflation debate of late and many financial pundits declaring a new inflation paradigm is upon us, what better a time to argue the case for deflation. Back in March, I laid out the case for inflation in comprehensive fashion, now, as all good investors ought to do, I will present my case why the ...
"What is the ethics, James Buchanan asked, of a fiscal system under which incentives exist and come into play that enable the current generation of taxpayers and recipients of government programs to shift part of the burden to pay for them to future generations?"
A deep dive into the 336 components and subcomponents of CPI to better appreciate what is driving the inflation rate and determine its sustainability.
As was heavily hinted at in the June FOMC Minutes, moments ago in addition to its slightly dovish FOMC statement, the NY Fed unveiled that at long last it was establishing two standing repo facilities: one for domestic counterparties, and one for foreign and international monetary authorities (FIMA repo facility).
The Fed Decision and Chair Jerome Powell’s Press Conference: 2:30 p.m. ET.Jul 28, 2021 - 11:11:40 PDT
Investors will likely pay close attention to how Chairman Jerome Powell characterizes the economic outlook given the spread of the delta variant of Covid-19 and its timeline for tapering its monthly bond purchases.
FOMC Hawkishly Admits It's "Made Progress" Towards Taper, Unveils Permanent Money Market BackstopJul 28, 2021 - 11:08:00 PDT
The market's expectations for Fed action have surged hawkishly and tumbled dovishly most recently, leaving them basically unchanged since the last FOMC statement...
Fed Holds Rates Near Zero, Says Economy Has Gotten Better Even With Pandemic WorriesJul 28, 2021 - 11:04:32 PDT
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread.