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Fed To Continue "At Least" $120BN In Monthly QE To "Support Flow Of Credit To Households"Sep 16, 2020 - 11:36:26 PDT
"The FOMC directed the Open Market Trading Desk at the Federal Reserve Bank of New York to continue to increase the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) at the current pace."
Sep 16, 2020 - 11:04:17 PDT
Federal Reserve Chairman Jerome Powell speaks Wednesday following the central bank's two-day policy meeting. The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.
The Federal Reserve concluded its two-day policy meeting Wednesday, with markets widely expcting no moves on interest rates.
In practical terms, these changes mean the Fed will tolerate both faster inflation and lower unemployment than in the previous business cycle. Since the Jackson Hole conference, however, policy makers have revealed no appetite for changing policy in reaction to the new strategy framework.
Six years after the ECB cut interest rates below 0%, behavioural finance gurus have a message for other central banks thinking about taking the plunge: don't.
Caught between the Federal Reserve's new strategy for managing inflation and historically low bond yields, the plans now need to take a fresh look at their actuarial assumptions and inflation protection.
Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.
If you think 2020 has been a wild year, wait until you see what comes next...
Some of the world’s wealthiest people have sold more than $3 billion of stakes in their major holdings since August, diversifying their fortunes as stock markets rebounded.
Alan Blinder, former vice chairman of the Federal Reserve, joins "Squawk Alley" to discuss what he anticipates from the upcoming Fed announcements.
"It is difficult to get a man to understand something when his salary depends upon his not understanding it..."
Why do we tolerate such a corrupt, undemocratic, exploitive, elite-dominated system? Because we have no other choice? No, we do have a choice.
Long way to go, after 6 months of Pandemic.
A subsidy benefitting the wealthiest while leaving the poor in the dust, a subsidy based on lies told by idiots signifying nothing other than a reflection of a bankrupt political system that is incapable of developing structural solutions and entirely dependent on ever more debt expansion and cheap money, a house of cards that will crumble when the efficacy of central intervention and the ever desperate efforts to make reality reach their limit.
The health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic.
They can't supply any metal but they're quite willing to supply the paper...
Emerging Market Central Bank Bond Buying Puts Credibility at Risk, S&P Global SaysSep 16, 2020 - 07:30:23 PDT
Emerging market central banks could risk their reputations, sovereign credit ratings and even full-blown economic crises if their bond buying is pursued beyond the coronavirus crisis, S&P Global said in a report.
After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings.
People are taking out lots of mortgages. The Fed is gobbling them up. Low mortgage rates have spurred a boom in home refinancing, which in turn has spurred a boom in the issuance of mortgage-backed securities.
"When Money Dies, Gold Comes Into Its Own": What Would A First Hand Observer Say About That?September 16, 2020
"Hands off our gold!" sounds a lot like "if you don't hold it, you don't own it!", doesn't it?