Tag Archives: taper

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 Bank of San Francisco President Mary Daly said that she could support more quickly ending the central bank’s asset purchase program, dependent on incoming data on inflation and jobs. Since the depths of the pandemic, the Fed has been buying about $120 billion in U.S. Treasuries and agency mortgage-backed securities to signal its commitment to supporting the economy. This month, the Fed said the economy appeared to make substantial further progress in the recovery — and 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, November 4, 2021 No taper tantrum in sight, rate hikes take center stage On Wednesday, the Federal Reserve passed its first major test — announcing the slow normalization of policy without upsetting markets. In announcing that it would curtail bond purchases as growth slows and price pressures bubble over, markets responded by setting… Source link

Stock futures opened little changed Wednesday evening to hold near record highs, with investors contemplating the the Federal Reserve’s decision to begin paring back some of its monetary policy support as the economic recovery progresses further. Earlier during the regular session, each of the S&P 500, Dow and Nasdaq set record intraday and closing highs yet again, with the Fed’s latest monetary policy decision compounding with optimism over a slew of stronger-than-expected quarterly… 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 Wednesday, November 3, 2021 Bonds and the dollar Watch bonds and the dollar, the forgotten stepchildren of a frothy market. Once upon a time, inflation-wary investors used to telegraph their displeasure by selling Treasury debt, which pushed up yields and the value of the U.S. dollar (one day I’ll explore the fascinating world of interest rate… Source link

Federal Reserve Chairman Jerome Powell has all but announced that the central bank will take the first steps in paring back its extraordinary monetary stimulus, hoping that markets will not sour in response. Commentary from Fed officials over the last few weeks have pointed to an announcement on Nov. 3 that the central bank will slow its quantitative easing program. For months, markets have been wondering when the Fed would “taper” the pace of its U.S. Treasuries and agency mortgage-backed… Source link

The Federal Reserve is not expected to announce any major policy change at the conclusion of its meeting on Wednesday, but markets could jitter from Fed signals that one could be coming soon. The Fed has signaled that it will likely start pulling back on its extraordinary monetary support before the end of the year. The Fed’s playbook calls for slowing its asset purchase program first, followed by interest rate hikes down the line. But Fed Chairman Jerome Powell has already communicated to… Source link

(Bloomberg) — U.S. equity-index futures rose and European stocks inched closer to a record high as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus. Aluminum hit a decade high amid political unrest in Guinea. The Stoxx Europe 600 Index rebounded from last week’s losses, led by technology shares. Contracts on the S&P 500 Index rose 0.2% even as U.S. markets were closed for Labor Day. Aluminum supplier Norsk Hydro ASA headed for a… Source link

Federal Reserve Governor Christopher Waller said Friday that if the August jobs report next week shows more than 850,000 payroll gains, he would advocate taking the first steps in pulling back the Fed’s easy money policies. “I would like to go early this fall,” Waller told Yahoo Finance in an exclusive interview on Friday. “I don’t see any reason that we would need to wait until next year. That’s my own view, unless something really bad comes out in the job market report next… Source link

Some of the world’s most powerful central bankers will convene virtually this week, with the focus on any commentary suggesting a pullback in pandemic-era easy money policies from the Federal Reserve.  One challenge: the timeline for slowing the central bank’s $120-billion-a-month pace of asset purchases will be different depending on which Federal Open Market Committee member you ask. The divergence on the FOMC will draw attention to the Fed’s Jackson Hole meeting (which was again moved… Source link