Federal Reserve Bank of Cleveland President Loretta Mester told Bloomberg she is open to a faster timetable for dialing back the Fed’s asset purchases to make space for more interest rate hikes if needed to tame inflation, with central bank officials previously saying they wouldn’t start raising rates until the bond buys are fully phased…
Fed’s Mester ‘Very Open’ to Faster Taper In Light of Inflation and Jobs Data
Fed’s Bostic Says He Remains Open to Faster Taper and One or Two Rate Hikes in 2022
November 27, 2021
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Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of the U.S. economy will carry it through the next wave of the coronavirus pandemic, and said he remains open to accelerating the pace of the central bank’s bond taper. Earlier on Friday, the World Health Organization said it was…
Fed Officials Tweak ‘Transitory’ Inflation Narrative, Vow Action If Price Pressures Stay Too High
New documents detailing closed-door discussions at the most recent Federal Reserve policy meeting show officials softening their “transitory” view of inflation, acknowledging the recent bout of higher prices as more intense and longer-lasting than they previously believed while vowing to act more aggressively if inflationary pressures stay elevated for too long. Minutes of the Nov….
Wall Street Opens Flat as Focus Shifts to Fed’s Taper Decision
November 3, 2021
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U.S. stock indexes opened flat on Wednesday as investors refrained from making big bets ahead of the conclusion of a Federal Reserve meeting, where policymakers are widely expected to signal the withdrawal of its pandemic-era support. The Dow Jones Industrial Average rose 6.46 points, or 0.02 percent, at the open to 36,059.09. The S&P 500…
Wall Street Mixed as Focus Shifts to Fed’s Taper Decision
November 3, 2021
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U.S. stocks indexes traded mixed in a narrow range on Wednesday as investors looked ahead to the Federal Reserve’s widely expected move to signal the withdrawal of its pandemic-era support, while Activision Blizzard slid on a leadership change. Six of the 11 major S&P sectors fell, with energy and industrials declining the most. The banking…
Dollar Hovers Near Recent Highs, Bonds Steady, Ahead of Expected Fed Stimulus Rollback Announcement
The dollar hovered near recent peaks and U.S. Treasuries held steady on the morning of Nov. 3 as investors await an expected Federal Reserve announcement later in the day about tapering the central bank’s massive bond-buying scheme. The DXY dollar index, which tracks the greenback against a basket of major rivals, traded largely unchanged on…
US Stock Options Traders See Smooth Sailing as Fed Taper Looms
October 23, 2021
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NEW YORK—Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year’s lows. The Cboe Volatility Index, known as Wall Street’s fear gauge, recently stood at 15.52 after…
Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation Risks
October 14, 2021
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Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles. The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19…
Dollar Hits Highest Vs Yen in Nearly 3 Years as Markets Retain Fed Taper Bets
October 11, 2021
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LONDON—The dollar rose to its highest in nearly three years versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures. The jobs data released on Friday pushed U.S. bond yields higher, and so the yen, which is…
Wall Street Slides on Inflation Worries; ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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Wall Street’s main indexes opened lower on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of a sooner-than-expected easing of monetary stimulus. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, at the open to 34,198.96….
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