LONDON—The Bank of England said inflation would rise above 4 percent later this year, and two policymakers called for an early end to the central bank’s quantitative easing programme due to rising price pressures. Policymakers voted 7–2 to stick with the 895 billion pound ($1.2 trillion) asset purchase target they set in November 2020, when…
Bank of England Nudges up Inflation Outlook, Split Over QE Widens
Fed Likely to Open Bond-Buying ‘Taper’ Door, but Hedge on Outlook
WASHINGTON—The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook. Fed policymakers, who are wrapping up their latest two-day meeting, have been handed a…
Oil Prices Climb After Drawdown in Stocks, Positive Demand Outlook
SINGAPORE—Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. But a fall in China’s crude oil throughput in August with daily refinery runs hitting the lowest…
Ford Says Outlook for 2nd Quarter Is Improving
Ford’s outlook for the second quarter is improving, as the automaker is seeing strong customer reservations for four of its new vehicles. Ford Motor Co. now anticipates its quarterly adjusted earnings before interest and taxes to top its expectations and be significantly better than the year-ago period. Although there’s still uncertainty around semiconductor supply, Ford…
Economists Predict Sharp Slowdown Before Outlook Brightens Considerably
WASHINGTON—Economists forecast a strong recovery this year but warn of a sharp drop in the economic activity in the first quarter before it builds momentum following the winter. The U.S economy will grow at 3.9 percent over the four quarters of 2021, according to the latest estimates by the American Bankers Association’s Economic Advisory Committee….
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