Tag Archives: Fed

The Federal Reserve has telegraphed that it will soon take the first steps in paring back its extraordinary monetary stimulus to the economy, but Fed officials are split on exactly when to start that process. For many of the 18 policymakers on the central bank’s Federal Open Market Committee, it could all come down to a single point of data due this week. “A non-committal Fed puts the focus squarely on Friday’s jobs report,” ING Economics wrote Tuesday. The August jobs report, to be… Source link

Federal Reserve Governor Christopher Waller joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole Economic Symposium to discuss the impact of the Delta variant on the U.S. economy and how the Federal Reserve is responding. Below is a transcript of his appearance on Yahoo Finance Live on August 27. – BRIAN CHEUNG: Thanks Seana. Well, obviously all eyes on the Jackson Hole Economic Symposium which is wrapping up today, but we’ve got a very special guest here in an exclusive… Source link

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the Delta variant on the U.S. economy and how the Federal Reserve is responding. Below is a transcript of his appearance on Yahoo Finance Live on August 27. – BRIAN CHEUNG: Welcome back to Yahoo Finance Live! Obviously all eyes are on that Jackson Hole Economic Symposium being held, virtually this year, but we’re going… Source link

Federal Reserve Chairman Jerome Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the central bank needs to be careful not to tighten its policy before enough Americans can return to work. “Today, with substantial slack remaining in the labor market and the pandemic continuing, such a mistake could be particularly harmful,” said Powell in remarks delivered at the central bank’s Jackson Hole Economic Symposium. Powell’s warning hints at a… Source link

Esther George, president of the Federal Reserve Bank of Kansas City, joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the Delta variant on the U.S. economy and how the Federal Reserve is responding. Below is a transcript of her appearance, taped on August 25 and aired on August 26. – BRIAN CHEUNG: Joining us now is the Federal Reserve Bank of Kansas City President Esther George. President George, how are you? ESTHER GEORGE: I’m well…. Source link

Investors may be wise to tread lightly in the stock market as the Federal Reserve nears the start of its bond tapering program, hints DoubleLine Capital founder and CEO Jeffrey Gundlach.  “It certainly would be a negative for the stock market,” Gundlach — aka the “bond king” — told Yahoo Finance Live in an exclusive interview on the potential impact to markets from Fed tapering. The Federal Reserve is widely expected to signal the beginning of halting its pandemic-era bond-buying program… Source link

(Adds economic data, economists’ comments) By Ann Saphir and Howard Schneider Aug 20 (Reuters) – The Federal Reserve Bank of Kansas City said on Friday its annual economic symposium in Jackson Hole, Wyoming, will take place on Aug. 27 virtually and not in person as planned, the clearest sign yet of the impact of the COVID-19 Delta variant on the Fed’s plans. “While we are disappointed that health conditions will prevent us from being able to gather in person at the Jackson Lake Lodge this year… Source link

(Bloomberg) — Global markets tumbled across the board, as investors fled to the safety of U.S. Treasuries and the dollar, amid concern the Federal Reserve may start tapering stimulus this year even as the delta virus variant undermines global growth. U.S. stock-index futures fell, with contracts on the S&P 500 Index losing as much as 1.1%, and European stocks slid the most in a month. A selloff in commodities deepened, as iron ore plunged more than 10% and oil headed for the longest slump… Source link

Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets.  Contracts on the S&P 500 ticked lower. Earlier, both the S&P 500 and Dow dropped more than 1% to post a back-to-back session of gains.  Shares of Robinhood (HOOD) dropped more than 8% after the trading platform delivered its first earnings report since going… Source link

(Bloomberg) — U.S. equity-index futures fell and the dollar weakened as investors assessed the outlook for economic recovery and awaited the latest Federal Reserve minutes to gauge the direction of monetary policy. Contracts on the S&P 500 Index slipped 0.1% after the underlying gauge fell on Tuesday by the most in four weeks. The dollar halted a two-day rally and Treasury yields were steady. Oil rebounded from a four-day slump a U.S. industry report pointed to a drop in domestic crude… Source link