Tag Archives: Fed

Stocks traded slightly lower Monday morning, with the S&P 500 steadying just below last week’s record level as traders awaited a Federal Reserve monetary policy decision later this week.  The three major indexes were slightly in the red just after market open. U.S. crude oil prices dipped to trade near $71 per barrel. Treasury yields fell across the long end of the curve, and the benchmark 10-year yield held below 1.5%. Bitcoin prices ticked down to trade below $48,000.  Shares of heavily… Source link

(Bloomberg) — The U.S. went on a borrowing binge last year and the hangover could make it harder for the Federal Reserve to fight inflation without crashing the economy. Most Read from Bloomberg Corporate debt has surged $1.3 trillion since the start of 2020 as borrowers took advantage of emergency Fed action as the pandemic spread, slashing interest rates and backstopping financial markets to keep credit flowing. More debt held by more companies suggests potential risks as borrowing costs… Source link

Corporations are rushing to issue more debt amid the Federal Reserve’s messaging that it may move quicker to tighten the spigot on its easy money policies. Despite the emergence of the Omicron variant, Fed Chairman Jerome Powell and a chorus of other Fed officials recently signaled they were likely to support a faster wind-down in the Fed’s asset purchase program. If the Fed can fully end the so-called quantitative easing program early next year, the central bank would have the flexibility… Source link

The stock market has been hit with a double whammy of unsavory news, explains Charles Schwab Chief Investment Officer Liz Ann Sonders. “I think at this stage in the economic cycle and the market cycle, the move from very loose policy to tighter policy has been a factor in the volatility [we are seeing]. You add that to an environment where we started to see a tremendous amount of speculative froth and then add to that Omicron [concerns], you get the double whammy catalysts that sometimes can… Source link

The volatile but never boring market for Bitcoin (BTC) has been whipsawed in recent days, as investors ponder whether there are better returns to be had in other cryptocurrencies, even as a new COVID-19 variant and the Federal Reserve’s policy outlook shake up the landscape. With news of the Omicron strain of COVID-19 unsettling investors, Bitcoin shed over 2% on Tuesday as Fed Chairman Jerome Powell dropped several hints that the central bank is growing more attentive to inflationary risks,… Source link

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank could end its asset purchase program a few months sooner than currently planned, signaling confidence in the economic recovery despite jitters over the Omicron variant of the coronavirus. “We now look at an economy that is very strong and inflationary pressures that are very high and that means it’s appropriate for us to discuss at our next meeting — which is in a couple weeks — whether it would be appropriate to… Source link

The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly… Source link

The emergence of a new COVID variant spooked markets on Friday, forcing some Fed watchers to question if the Federal Reserve will change course on its plans to slow its monetary support to the U.S. economy. “Policy normalization already looked like it was going to be gradual but the… growth worries we’re seeing come back into the market’s consciousness in the last 24 hours could mean that monetary policy needs to be a little bit more dovish than that,” HSBC Asset Management Chief… Source link

Mary Daly, president of the Federal Reserve Bank of San Francisco, joined Yahoo Finance to discuss the Fed’s process of slowing its monetary accommodation to the U.S. economy. Below is a transcript of her appearance, taped on Nov. 23 and aired on Nov. 24. – BRIAN CHEUNG: Welcome to Yahoo Finance Presents. I’m Brian Cheung, thrilled to be joined today by Federal Reserve Bank of San Francisco President Mary Daly. President Daly. How are you? MARY DALY: I’m terrific. Thank you for having me. And… Source link

Thomas Barkin, president of the Federal Reserve Bank of Richmond, spoke with Yahoo Finance to discuss rising inflation and the future of Fed policy. Below is a transcript of his appearance on November 15, 2021. — BRIAN CHEUNG: Joining us here in an exclusive interview on Yahoo Finance live is the Federal Reserve Bank of Richmond President Tom Barkin. President Barkin it’s great to have you on the show this afternoon. Just wanted to start off with the breaking news that we had gotten about… Source link