Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their course, which can further our…
Fed Will Allow Labor Markets to ‘Run Their Course’: Bostic
September 28, 2021
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NTD Business Full Broadcast (Sept. 27)
Two federal reserve presidents anouncing early retirement on the same day, What’s behind their early departure? A power crunch in China. Factories across the country halting production, and residents facing power cuts as the temperature falls. We talk to one American business owner who has also been affected. And thousands of gas stations in the…
Indexes Close up More Than 1 Percent as Investors Assess Fed News
September 24, 2021
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U.S. stocks gained more than 1 percent on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for…
Wall Street Ends Higher as Fed Signals Bond-Buying Taper Soon
September 23, 2021
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NEW YORK—The three major U.S. stock indexes rose 1 percent on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23. While trading was…
Fed Likely to Open Bond-Buying ‘Taper’ Door, but Hedge on Outlook
WASHINGTON—The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook. Fed policymakers, who are wrapping up their latest two-day meeting, have been handed a…
Risk-Sensitive Currencies Perked up by Evergrande, Dollar Anchored Before Fed
September 22, 2021
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LONDON—Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default. Some of the excitement fizzled, however, after traders realised it was still not known whether…
Wall Street Ends Near Flat on Cautious Note Ahead of Fed
September 22, 2021
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NEW YORK—U.S. stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday’s Federal Reserve policy news keeping a lid on the market. Trading was choppy, with the Dow and S&P 500 erasing session gains just before the close, while…
Fed to Reveal New Projections With Investors on Alert for Rate Liftoff Timing
Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening. The so-called “dot plot,” released quarterly, charts policymakers projections,…
Trading Tantrum? Fed Officials’ Personal Dealings Stir Controversy, Call for Change
September 11, 2021
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Media reports this week that two of the Federal Reserve’s 12 regional bank presidents were active traders has some of the central bank’s most vocal critics questioning the rules that allowed them to engage in the transactions in the first place. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made frequent or…
Fed Officials to Sell Stocks to Avoid Apparent Conflict of Interest
Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and…
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