NEW YORK—Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets. With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to…
NY Fed’s Logan Says Banks May Have Access to Standing Repo Facility by Early 2022
October 15, 2021
admin
banksBusiness & EconomyCompaniesEconomieseconomyFedLocal NewsLorie LoganNew YorkNY NewsRegional-Local NewsRepoStandingUSUS News
0 Comment
The domestic standing repo facility established by the Federal Reserve this year could be open to banks by early next year, a top New York Federal Reserve official said on Thursday. The U.S. central bank began accepting applications from banks earlier this month for the program, which allows financial firms to borrow cash on an…
Fed, Nearing Bond-Buying ‘Taper,’ Remains Divided on Inflation
Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start reducing its monthly bond purchases as soon as next month, policymakers remain divided over inflation and what they should do about it. The U.S. government reported on Thursday that producer prices rose 8.6 percent in…
Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation Risks
October 14, 2021
admin
Business & EconomyCompaniesEconomieseconomyExecutive BranchFedinflationMichelle BowmannovemberPoliticsriskstaperUSUS News
0 Comment
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…
Fed Announces Quarles to Step Away From Internal Regulatory Lead Role as Vice-Chair Term Expires
WASHINGTON—The Federal Reserve said on Tuesday that Vice Chair for Supervision Randal Quarles would no longer lead the internal committee overseeing bank rules and supervision, as his term as the central bank’s top regulatory official expires on Wednesday. Instead, that panel will meet as needed on an unchaired basis, and any regulatory projects will only…
Dollar Near One-Year High Ahead of Fed Meeting Minutes
October 13, 2021
admin
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyDollarEconomieseconomyEuropeFedHighInternationalMarketsmeetingMinutesUKUSUS NewsWorld
0 Comment
LONDON—The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022. Three Fed policymakers said on Tuesday that the U.S. economy has healed enough to begin to scale back the central bank’s…
Wall Street Closes Lower on Jitters Ahead of Earnings, Fed Minutes
October 13, 2021
admin
Business & EconomyCompaniesearningsEconomieseconomyFedInvestmentjittersLocal NewslowerMarket WatchMarketsNew YorkNY NewsRegional-Local NewsUSUS NewsWall Street
0 Comment
NEW YORK—U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market. Adding to investor caution, the Federal Reserve is expected to release minutes on Wednesday from its last policy meeting, which market participants will…
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…
San Francisco Fed’s Daly: Too Soon to Say Job Market ‘Stalling’
October 11, 2021
admin
Business & EconomyCompaniesEconomieseconomyFedjobLocal NewsmarketMarketsMary DalyNorthern CaliforniaRegional-Local NewsSan FranciscoUSUS News
0 Comment
The U.S. job market will continue to feel the effects of COVID-19, but it is too soon to say it is “stalling,” San Francisco Federal Reserve President Mary Daly said on Sunday. “It’s going to have these ups and downs, especially with the Delta variant,” Daly said on the CBS weekend news program “Face the…
Dollar Hits Highest Vs Yen in Nearly 3 Years as Markets Retain Fed Taper Bets
October 11, 2021
admin
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeFedHK BusinessHong KongInternationalInvestmentMarketstaperUKUSUS NewsWorldyen
0 Comment
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…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`