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Federal Reserve

Wall Street rises along with Treasury yields as inflation heats up
Markets

Wall Street rises along with Treasury yields as inflation heats up

  • "The reopening trade is still very much alive," said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. "And you're seeing that in the relative underperformance of the high-flying tech that did so well throughout the shutdowns."
  • "Things are now getting back to normal from a period of suppressed pricing," Pursche added. "Prices are getting back to their equilibrium. One month of price spikes does not make a trend."
Published 09 Apr, 2021 08:06pm
US stock futures buoyant on inflation view
Markets

US stock futures buoyant on inflation view

  • S&P futures flat, Nasdaq futures dip 0.2%.
  • European stocks eye longest weekly winning streak since Nov 2019.
  • Dovish Powell, weak jobs data quell inflation jitters.
  • Dollar index eyes worst week of year on lower bond yields.
Published 09 Apr, 2021 05:46pm
Asian markets mostly down but optimism remains
Markets

Asian markets mostly down but optimism remains

  • "A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment," she told Bloomberg TV.
Published 09 Apr, 2021 10:02am
Dollar near two-week lows as investors await Fed minutes
Markets

Dollar near two-week lows as investors await Fed minutes

  • The US Dollar Currency Index, which measures the greenback against a basket of six currencies, was 0.101% lower at 92.213.
  • Upbeat European data on Wednesday showing euro zone business activity bounced back to growth last month, also supported the common currency against the greenback.
Published 07 Apr, 2021 08:22pm
Fed will not keep interest rates low for government's benefit, Waller says
World

Fed will not keep interest rates low for government's benefit, Waller says

  • "My goal today is to definitively put that narrative to rest. It is simply wrong. Monetary policy has not and will not be conducted for these purposes."
  • The Fed's board members and the central bank's powerful chief are appointed by the president with approval of the US Senate, but the governors' long terms and protection from partisan dismissals are meant to insulate the central bank from political pressures.
Updated 29 Mar, 2021 08:09pm
Fed's Barkin says watch the data, rate hikes no article of faith
World

Fed's Barkin says watch the data, rate hikes no article of faith

  • "I don't think it matters. I think what matters is the outcomes we actually get," Barkin said.
  • The Fed's pledge not to raise rates or curb $120 billion in monthly bond purchases until the economy more clearly recovers "is quite explicit and outcome based," Barkin said.
Published 25 Mar, 2021 08:45pm
Fed to support economy until recovery 'well and truly done,' Clarida says
World

Fed to support economy until recovery 'well and truly done,' Clarida says

  • It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February. We are committed to using our full range of tools to support the economy until the job is well and truly done.
  • The Fed now sees the US unemployment rate falling to 3.5%, roughly where it was before the pandemic, by the end of 2023.
Published 25 Mar, 2021 07:54pm