TOKYO—Global shares were mixed Tuesday amid cautious trading ahead of a policy meeting by the U.S. Federal Reserve. France’s CAC 40 rose 0.2 percent to 6,904.57, while Germany’s DAX gained 0.2 percent to 15,837.55. Britain’s FTSE 100 dipped 0.5 percent to 7,254.78. The future for the Dow industrials inched less than 0.1 percent lower to…
Global Shares Mixed as Investors Await Central Bank Moves
November 2, 2021
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Dollar Edges Lower as Fed Policy Decision Looms
November 1, 2021
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NEW YORK/LONDON—The dollar eased versus its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session as hedge funds cut back bearish bets ahead of this week’s highly-anticipated U.S. Federal Reserve policy meeting. Monetary policy in the United States, Australia, and the United Kingdom is in…
Biden Pick for Fed Chair Expected Soon, Yellen Says
November 1, 2021
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DUBLIN—U.S. Treasury Secretary Janet Yellen said President Joe Biden should pick an “experienced and credible” person as Federal Reserve chair to reassure markets, and while current chair Jerome Powell fit the bill, others would too. Powell, a Republican placed in the job by former President Donald Trump, is widely favored to win reappointment to another…
Fed Report Shows Wage Pressures Amid ‘Modest to Moderate’ Economic Growth
U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a “modest to moderate” pace in September and early October, the Federal Reserve said on Wednesday in its latest compendium of reports about the economy. “Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and…
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…
Powell Says Inflation Risks Rising, but Fed Can Be ‘Patient’
WASHINGTON—Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet prepared to lift its benchmark interest rate, he said, though he suggested that the…
Fed’s Powell Says It’s Time to Taper Bond Purchases, but Not Raise Rates
Federal Reserve Chair Jerome Powell on Friday said the central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial. “I do think it’s time to taper; I don’t think it’s time to raise rates,” Powell said…
Boston Fed Will Not Release Documents on Its Former President’s Trades
October 21, 2021
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WASHINGTON—The Boston Federal Reserve will not release documents that could show whether its former president vetted a series of personal investments last year with its ethics officer, a spokesman for the regional Fed bank said, a key point in an ongoing ethics controversy at the U.S. central bank. Eric Rosengren, along with Dallas Fed President…
Fed’s Waller: ‘More Aggressive’ Response May Be Needed If Inflation Stays High
WASHINGTON—If inflation keeps rising at its current pace in coming months rather than subsiding as expected, Federal Reserve policymakers may need to adopt “a more aggressive policy response” next year, Fed Governor Christopher Waller said on Tuesday. For now, Waller said in remarks to the Stanford Institute for Economic Policy Research, he continues to believes…
Fed’s Bowman Says US Labor Market Could Struggle to Return to Pre-Pandemic Levels
The obstacles making it difficult for many women to work, combined with an increase in retirements, could hinder the labor market recovery and be a drag on the U.S. economy, Federal Reserve Governor Michelle Bowman said on Tuesday. Women with young children left the labor force at a higher rate than other workers and some…
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