Tag Archives: Fed

A version of this post was originally published on TKer.co. The U.S. economy has made an extraordinary comeback from its early 2020 lows. And while there is still some room for improvement, the economy has made enough progress that the Federal Reserve feels comfortable dialing back some of its emergency monetary policy efforts. This means you’re about to see a ton of mind-numbing headlines about the Fed and monetary policy and the “tapering” of quantitative easing (QE). This is incredibly… Source link

Federal Reserve Chairman Jerome Powell’s odds at renomination continue to hang in the wind, as the White House works through whether or not they should bring in fresh blood to the head of the central bank. Complicating his path to a second term: a scandal that has engulfed at least three senior Fed officials, centered on big financial bets they made during 2020. Regional Fed Presidents Robert Kaplan and Eric Rosengren stepped down from their roles after reporting revealed bets on real… Source link

Senator Elizabeth Warren on Monday called on the Securities and Exchange Commission to look into trades made by senior Federal Reserve officials over the course of 2020. The Massachusetts Democrat asked the SEC to investigate the extent of trading carried out by at least three high-ranking officials at the central bank, including the timing of the trades and whether or not those trades “may have been influenced by non-public information.” The request comes after reporting last Friday… Source link

Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy. In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted. Another condition: The “Federal… Source link

(Bloomberg) — Senator Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him for a second term as head of the U.S. central bank — the highest-profile Democrat with a say on his confirmation to come out against him. Most Read from Bloomberg “Your record gives me grave concern,” the Massachusetts Democrat said Tuesday during a Senate Banking Committee hearing. “You have acted to make our banking system less… Source link

A logo is seen on the New York Google offices. REUTERS/Andrew Kelly Dispute spans several jurisdictions, including California and ITC California has stronger local interest in the case Federal Circuit ordered Judge Albright to move similar case on Friday (Reuters) – A federal appeals court on Monday moved Google LLC and Sonos Inc’s West Texas patent case in their global dispute over multi-room audio technology to California federal court. The U.S. Court of Appeals for the Federal Circuit said the… Source link

Longer-dated U.S. government bond yields jumped after the Federal Reserve signaled that it would likely start pulling back on its monetary stimulus in November. Since the Fed’s announcement on Wednesday afternoon, the yield on the U.S. 10-year (^TNX) climbed 10 basis points to as high as 1.41%, a figure not seen since July. The yield on the U.S. 30-year (^TYX) similarly rose as much as 10 basis points, to 1.92%. Polaris Wealth Advisory Group Managing Partner Jeff Powell said that he expects… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, September 23, 2021 The famed ‘Fed put’ is alive and well. The Federal Reserve isn’t entirely asleep at the switch on soaring prices, and doesn’t appear to be committing a policy error — at least not yet. Those were the main takeaways from Wall Street’s reaction to the Fed’s policy decision, which sent a market addled by… Source link

Stock futures opened slightly higher Wednesday evening as investors mulled the Federal Reserve’s latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further. Contracts on the S&P 500 gained. Earlier, the blue-chip index rose for the first time in five sessions and shook off some of its steep losses from the start of this week. The index is still on track to post a weekly decline of nearly 1%, however, to… Source link

(Bloomberg) — Stocks in Europe rose for a second day along with U.S. index futures as concerns about China Evergrande Group’s debt woes eased ahead of Wednesday’s Federal Reserve policy decision. Most Read from Bloomberg Basic resources and energy were among the leading gainers in the Stoxx Europe 600 index as commodity prices steadied after Beijing moved to contain fears of a spiraling debt crisis at Evergrande that could ravage demand from the property sector. Gambling operator Flutter… Source link