Tag Archives: Feds

Federal Reserve Bank of Dallas President Robert Kaplan said rising concerns over the spread of the Delta variant have not materially changed his call to start the process of pulling back on the central bank’s extraordinary monetary stimulus in September. “I’m going to be suggesting that we should move toward announcing a plan as early as our September meeting and begin our tapering process in October,” Kaplan told Yahoo Finance in an interview on Thursday. Kaplan’s comments come as the… Source link

Stock futures traded sideways Wednesday evening to hold near record levels, as traders anxiously awaited the start of a key Federal Reserve event on Thursday. Contracts on the S&P 500 opened little changed after the index reached a new record level during the regular trading day and logged a fifth consecutive session of gains. The Nasdaq had also reached a fresh record high.  Shares of Dow component Salesforce.com (CRM) edged higher in late trading after the software company boosted its… Source link

Central bankers will convene virtually this week to discuss an “uneven economy,” which could ignite a debate on the Federal Reserve’s policies as they relate to racial inequality and climate change. The Fed’s annual Jackson Hole Economic Symposium is set to kick off on Thursday with the theme: “Macroeconomic Policy in an Uneven Economy,” a departure from the vague themes of years’ past (i.e. “Implications for Monetary Policy” and “Challenges for Monetary Policy”). In… Source link

Top economic policymakers are facing a critical question: Will the Delta variant hold back the more than 6 million Americans still sidelined from work compared to pre-pandemic levels? Child care concerns and enhanced unemployment insurance benefits are often cited as top reasons for hesitancy in returning to work. But a third reason is fear of contracting the virus, a factor likely to be amplified by the spread of the more contagious Delta variant. At the Federal Reserve, the policymakers… Source link

A top Federal Reserve policymaker cautioned that skyrocketing home prices could jeopardize progress on recovering the millions of American jobs lost in the pandemic. Federal Reserve Bank of Boston President Eric Rosengren told Yahoo Finance Friday that the hot real estate market is “not at a point where we should be panicked.” But Rosengren said the Great Depression and other downturns were examples of economic expansions that died at the hands of a real estate bubble. “The last thing we… 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 Monday, June 28, 2021 With inflation no longer Greenspan’s ‘q’ word, here’s why generous worker pay matters. Does anyone remember the word “quiescent”? It’s an economic catchphrase popularized by Alan Greenspan, the former Federal Reserve chairman who presided over an impressive run of strong growth and stable inflation. During his lengthy… Source link

Bloomberg Oil Sands Give OPEC a Boost With Half-Million-Barrel Output Cut (Bloomberg) — Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.Canadian Natural Resources Ltd.’s plans to conduct 30 days of maintenance at its Horizon oil sands upgrader in April will curtail roughly 250,000 barrels a day of light synthetic crude output, company President Tim McKay said in an… Source link

(1:30) – Centrifugal Force: Markets Coil Then Jump (9:20) – Big Move In Bonds: Financial Plumbing Pressures (15:10) – Richly-Valued Growth Stocks Overdue to Correct (20:40) – GameStop Stock Surges Again: How a Pro Traded It (24:15) – Stimulus + Growth + Inflation = Commodity Prices Rising (29:00) – Technical Targets for the Nasdaq 100 (37:00) – Good Lessons For New Investors are Everywhere Podcast@Zacks.com  Mind Over Money Archive   Whether or not the stock market just peaked for the near-term of… Source link

The U.S. government is acknowledging for the first time that right-wing extremists were responsible for the majority of fatal domestic terrorist attacks last year, according to an internal report circulated by the Department of Homeland Security last week and obtained by Yahoo News. A review of last year’s domestic terrorist incidents by a DHS fusion center — which shares threat-related information between federal, state and local partners — found that although civil unrest and… Source link

(Bloomberg Opinion) — The Federal Reserve isn’t happy about the pervasive talk of asset bubbles. Consider Tesla Inc., for instance. From my Bloomberg Opinion colleague John Authers: “The risks far outweigh the potential rewards. The more we see of such crazy behavior, the more we should prepare to take evasive action against a true investment bubble.” Or cryptocurrencies, from Scott Minerd, chief investment officer with Guggenheim Investments: “Bitcoin’s parabolic rise is… Source link