U.S. stock indexes fell on Wednesday after a strong showing of private jobs in September fueled concerns of a sooner-than-expected easing of monetary stimulus in the face of growing worries of higher inflation. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise…
Wall Street Falls as ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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Futures Rise as Taper Fears Fade
September 23, 2021
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U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise…
Wall Street Ends Higher as Fed Signals Bond-Buying Taper Soon
September 23, 2021
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NEW YORK—The three major U.S. stock indexes rose 1 percent on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23. While trading was…
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…
Fed Faces Jittery Markets Ahead of Key Policy Meeting That Will Consider Stimulus Rollback
September 21, 2021
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Markets remained jittery from China’s Evergrande troubles as investors look to the Federal Reserve’s two-day policy meeting Sept. 21–22 for developments around policymakers’ projections for future rate hikes and the timing and pace of tapering the central bank’s massive bond buying program. Asian stocks struggled to shake off contagion fears on Sept. 21 and selling…
Delta Darkens US Third-Quarter Growth Views, Fed Taper Announcement Expected in November: Poll
BENGALURU—The U.S. economic rebound has been dented in Q3, partly on the spread of the Delta coronavirus variant, with economists in a Reuters poll also pushing their expectations back to November for when the Federal Reserve announces an impending policy shift. Like in most countries, the U.S. economy is facing global supply chain disruptions due…
Fed Officials Say Bond Taper Could Still Start This Year
The August slowdown in job growth won’t throw off the Federal Reserve’s plans to reduce its asset purchases this year, four Federal Reserve officials said on Wednesday, though some cautioned a final decision requires more data. In comments published overnight in the Wall Street Journal, Atlanta Fed president Raphael Bostic, a voting member on policy…
Fed Likely to Announce Taper in November, Former Fed Official Says
The U.S. Federal Reserve is likely to announce the tapering of its asset purchases in November and begin the process a month later, former Federal Reserve official Dennis Lockhart said on Thursday. Waiting until November will give policymakers more data on the labor market’s recovery and economic growth, Lockhart told the Reuters Global Markets Forum…
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