Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects more clarity on the economic outlook by the time the Fed ends its bond-buying program in mid-2022, and is keeping an “open mind” on the timing of any rate hikes to follow. “I have not made any decisions about where my stance is…
Fed Officials Turn Focus to Rate Debate, Eye on Jobs, Inflation
WASHINGTON—U.S. Federal Reserve officials on Monday turned their focus toward a debate over monetary policy that will heat up in coming months as the Fed slows the pace of its asset purchases, clearing the decks for interest rate hikes as soon as next year. At the center of the debate will be an assessment of…
Housing: Boom, Bust, and When
Commentary America’s housing market faces increasingly powerful crosscurrents. On the one side, low mortgage rates buoy both buying and pricing. The recent increase in inflation reinforces this lift, as it makes low rates that much more attractive, and many see real estate as a hedge against the inflation. On the other side, rising house prices…
Stocks Rise as Fed Tapers Without Tantrums, BoE Takes the Stage
November 4, 2021
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SYDNEY—Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields. “Remember that tapering is not tightening,” said Kerry Craig, global market strategist at J.P. Morgan Asset Management, noting the Fed’s balance sheet would…
Fed Rolls out Bond-Buying ‘Taper,’ Holds to ‘Transitory’ Inflation Belief
WASHINGTON—The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove “transitory” and likely not require a fast rise in interest rates. However, the U.S. central bank nodded to global supply difficulties as…
Federal Reserve Unveils Plan to Scale Back Bond Purchases
WASHINGTON—The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove “transitory” and likely not require a fast rise in interest rates. However, the U.S. central bank nodded to global supply difficulties as…
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…
Record High Stocks Brace for Fed Stimulus Cut
November 3, 2021
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LONDON—Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus. The U.S. Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at…
Futures Slip on Fed Angst; Tesla Slides After Record Run
November 2, 2021
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U.S. stock index futures slipped on Tuesday, pointing to a slight easing from record highs for Wall Street indexes as investors took to caution ahead of the Federal Reserve’s widely expected move to start tapering its monthly bond purchases. Major Wall Street lenders Bank of America Corp., Wells Fargo & Co., Goldman Sachs, Citigroup, and…
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