MO' free money
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely affected by the pandemic remain weak but have shown improvement. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain ... (full story)
*FOMC: Fed Will Continue Bond Buying Until Substantial Further Progress On Goals— *Walter Bloomberg (@DeItaone) April 28, 2021
*FOMC: Indicators of Growth, Employment Have Strengthened
*FOMC: Inflation Has Risen, But Largely on Transitory Factors
*FED KEEPS RATES UNCHANGED, MAINTAINS $120B MONTHLY BOND BUYING— lemasabachthani (@lemasabachthani) April 28, 2021
The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support an economy that grew strongly to start 2021 as well as to support market functioning at a time when 30-year mortgages still go for around 3%. Despite noting the economic strength as well as inflation that is on the rise, the policymaking Federal Open Market Committee unanimously ... (full story)
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on March 17. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. Read the full statement here. image
Dislikednow structure sideways is complete .... we will see , whether the market will continue to manipulate ..... if that happens then it is true that 80% of price movements in the forex market are scam ... that price movements in the market are just a trick to eat retail orders .... because news can also be purchased by price movers in the market according to the order with some moneyIgnored
£7 billion. Let’s stop for a few minutes and think about that figure. £7 billion. The dismissive way in which this quite astonishing cumulative loss has been nonchalantly trotted ...
President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials ...
Statistics Canada says retail sales rose 4.8 per cent to $55.1 billion in February, led by gains at motor-vehicle and parts dealers and gasoline stations. The agency says the ...
tweet at 2:32pm: FED'S POWELL: THE RECOVERY REMAINS UNEVEN, REMAINS INCOMPLETE. tweet at 2:34pm: The 6% unemployment rate understates the job gap. Inflation to rise somewhat further before moderating tweet at 2:35pm: POWELL SAYS TRANSITORY RISE IN INFLATION THIS YEAR WOULD NOT MEET STANDARD FOR RAISING RATES tweet at 2:37pm: POWELL SAYS IT IS NOT TIME TO START TALKING ABOUT TAPER tweet at 2:41pm: There is no monitor for liftoff or taper in relation to the virus. It is doubtful that we will see a sustained increase in inflation as slack remains in the labor market
tweet at 2:45pm: FED'S POWELL: WE ARE VERY WORRIED ABOUT SCARRING IN LABOR MARKET. tweet at 2:48pm: It seems quite unlikely unemployed service-sector workers will quickly find work. We are watching housing prices carefully. The rise is because of low inventory, strong demand. tweet at 2:51pm: FED'S POWELL: WAGES ARE UNLIKELY TO RISE, THAT WOULD BE SOMETHING SEEN IN A TIGHT JOB MARKET. tweet at 2:55pm: Fed Chair Powell: - During time of reopening we are likely to see upward pressure on prices, but it will be temporary - The economy is gaining positive traction - An episode of one-time price increases is not likely to lead to persistent inflation tweet at 2:56pm: If we do see inflation expectations materially above 2% would use tools to bring it down. Base effects carry no implication for the rate of inflation. The base effect would add around 1% to headline inflation.