The federal reserve announcing its plan to start pumping less money into the economy. What does it mean for the market and for you? Mixed messaging from Democrats. As they try to raise taxes on the rich, some are also considering a massive tax cut– by getting rid of the cap on state and local…
Fed Policymakers Hone in on November Taper Timeline
Two U.S. Federal Reserve policymakers on Tuesday said that the central bank has kept pace with a planned move to reduce its bond buying program, cementing expectations the Fed will start withdrawing its crisis-era stimulus as soon as next month. “I myself believe that the ‘substantial further progress’ standard has more than been met with…
Fed’s Newest ‘Dot Plot’ Shows Growing Appetite for Rate Hikes as Inflation Bites
While Federal Reserve policymakers voted on Wednesday to keep rates at near zero, they also pulled forward their expectations for rate hikes, suggesting a mix of optimism about the pace of economic recovery and fear that easy money policies would fan the flames of inflation. The Federal Open Market Committee (FOMC) on Wednesday released updated…
Asian Shares Stem Recent Losses, Attention on CenBank Tapering
HONG KONG—Asian shares rallied on Friday after two days of losses, but were still in a nervous mood as global investors grapple with how best to interpret central banks’ cautious moves to end stimulus, which also left currency markets quiet. MSCI’s broadest index of Asia-Pacific shares outside Japan, gained 0.47 percent in early trading, but…
Fed Likely to Start Tapering Bond Buys in December: Former Atlanta Federal Reserve Chief
September 3, 2021
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A former Federal Reserve official said the central bank is likely to announce a tapering to its massive asset-buying program at a policy meeting in November and begin the process a month later, as investors look for clues when the central bank will begin withdrawing some of the support that has boosted markets. Dennis Lockhart,…
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