What investors should expect to hear from the Federal Reserve on Wednesday

This week’s Federal Reserve meeting could be the last before the central bank sets the stage for how and when it will start to roll back the extraordinary easing policies it adopted to fight the pandemic. Fed officials are not expected to take any action as the meeting closes Wednesday. Nevertheless, they are expected to… Continue reading What investors should expect to hear from the Federal Reserve on Wednesday

Blowout jobs report could power stocks higher in the week ahead

as the month gets underway, strategists say. The U.S. Labor Department’s surprisingly strong March jobs report this Friday showed that there were 916,000 jobs added in March, compared to the 675,000 expected by economists. The week ahead is expected to be fairly quiet, with a few economic reports and Federal Reserve speakers filling the lull… Continue reading Blowout jobs report could power stocks higher in the week ahead

Jerome Powell: Economy Is Better Thanks To ‘Dunkirk’-Like Rescue By Fed, Congress

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, DC, on December 2, 2020. (Photo by JIM LO SCALZO / POOL / AFP) (Photo by JIM LO SCALZO/POOL/AFP via Getty Images)

A year after the pandemic plunged the U.S. economy into it worst crisis since the Great Depression, Federal Reserve chairman Jerome Powell is largely satisfied with the central bank’s rapid-fire response. “I liken it to Dunkirk,” Powell said in an interview with NPR’s Morning Edition, referring to the emergency rescue of British and allied forces… Continue reading Jerome Powell: Economy Is Better Thanks To ‘Dunkirk’-Like Rescue By Fed, Congress

Bank of England keeps policy unchanged and follows Fed with dovish tone

The Bank of England held interest rates steady on Thursday and mirrored the dovish tone set by the U.S. Federal Reserve on the prospect of future tightening of monetary policy. The central bank’s Monetary Policy Committee voted unanimously to keep its main lending rate at 0.1% and maintain its target stock of asset purchases at… Continue reading Bank of England keeps policy unchanged and follows Fed with dovish tone

Fed sees stronger economy and higher inflation, but no rate hikes

The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation. As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near… Continue reading Fed sees stronger economy and higher inflation, but no rate hikes

The Federal Reserve doesn’t see risks to market stability, even as concern about bubbles grows

for bubbles and don’t expect the Fed to tighten policy any time soon.Federal Reserve Chair Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill, Washington, December 1, 2020.Federal Reserve Chair Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill, Washington, December 1, 2020. Some market pros see the frenzied… Continue reading The Federal Reserve doesn’t see risks to market stability, even as concern about bubbles grows

Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing

The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down. Consistent with market expectations, the policymaking Federal Open Market Committee said it was keeping its benchmark short-term borrowing rate anchored near zero and maintaining an asset… Continue reading Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing