Federal Reserve (Fed) Chairman Jerome Powell said the United States central bank should start reducing its asset purchases soon, but should not raise interest rates yet because employment is still very low and Inflation will ease next year as COVID-19 pressures ease. “I think it’s time to cut back on bond purchases; I don’t think […]
Tag: Fed
Fed’s Bostic sees higher prices carry over to 2022, rate hike that year
Interruptions in the supply chain and restrictions in the labor market, coupled with strong consumer demand, could keep inflation high by 2022, said the president of the Federal Reserve de Atlanta, Raphael Bostic. Once those problems are resolved, labor markets will heal and the Fed may start raising interest rates, he added. “I was thinking […]
Fed imposes new rules to restrict trading activity from its hierarchies
The Federal Reserve (Fed) from USA, announced new rules that strongly restrict the investments authorized to its hierarchs, after disclosing transactions of its members that led some to resign. These new rules “prohibit them from buying individual shares”, carry out transactions “during periods of high tension in the financial markets”, and require them to request […]
US economy grew at a “modest to moderate” rate, according to the Fed’s Beige Book
Updated 10/20/2021 05:28 pm The economy of USA grew at a “modest to moderate” rate in September and early October, when the latest increase in coronavirus cases peaked and began to recede, the agency said. Federal Reserve (Fed) in his latest report called the Beige Book. “The outlook for short-term economic activity remained positive, but […]
Materials and labor shortages slow US growth, says Fed
Updated 10/20/2021 03:30 pm The global difficulties in sourcing products, as well as the difficulty in contracting and concerns about the delta variant of the coronavirus, slowed growth in USA in early autumn, indicated the Federal Reserve (Fed). These difficulties, associated with strong consumer demand, triggered prices, the agency said in its current situation report […]
Rates will have to wait a little longer before starting to rise, according to Fed
Updated on 10/19/2021 08:10 pm The Federal Reserve (Fed) from USA it should start cutting asset purchases after its next meeting in early November, although rates will have to wait before rising, said Christopher Waller, one of its governors. “I think we have made enough progress (on the employment front) for the reduction in our […]
Fed Chairman Amid Stock Market Questioning
Updated on 10/19/2021 06:18 pm The president of the Federal Reserve (Fed) of the United States, Jerome Powell, was in the middle of questions about important stock transactions carried out during the crisis, revelations that fall at a bad time for the leader who hopes to know whether or not he will have a second […]
Fed’s Barkin Says US Job Supply Problems May Outlast Pandemic
Updated 10/19/2021 03:31 pm The labor shortage in the United States may outlast the coronavirus pandemic and limit overall economic growth, unless the country introduces better policies for education, health and childcare, declared the chairman of the Federal Reserve of the United States. Richmond, Thomas Barkin. “As our workforce ages and birth rates decline, we […]
Colombia tests debt market after losing investment grade
Updated on 10/15/2021 04:10 am Colombia went to international markets for the first time since losing its investment grade. The nation is selling more of its dollar bonds due in 2049, with an initial price guide of about 5.4%, according to a person familiar with the matter, who asked not to be identified because he […]
Fed, close to reducing asset purchases, remains divided on inflation
Despite a widely shared view that the U.S. labor market has recovered enough to allow the Federal Reserve (Fed) start reducing your monthly bond purchases starting next month, central bank officials remain divided on inflation and what they should do about it. The US government reported Thursday that producer prices climbed 8.6% in the 12 […]