monetary policy
How China is helping to prop up the Russian economy through the war in Ukraine
Hong Kong CNN — In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact of …
Tech Futures Slip Ahead of Fed Meeting
Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …
Technology stocks lead indexes lower as yields resume climb | National
A man wearing a protective mask walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, March 3, 2021, in Tokyo. Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back …
Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases
Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday. In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate …
Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? Investors may soon find out
Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee. Market-based probabilities imply a 93.5% chance of a quarter-of-a-percentage-point rate reduction to …
Cigna, CVS Health Soar as Dow Jones Industrial Average Rises
Illustration by Michael George Haddad Text size Stocks are poised to push higher as investors respond to Congressional testimony by Federal Reserve Chairman Jerome Powell that raised expectations for an interest-rate cut at the end of the month. Powell will conclude two days of testimony on Thursday. He is scheduled to appear before the Senate …
Trump says he will nominate Christopher Waller and Judy Shelton to reshape Federal Reserve
Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, speaks during an interview in Washington, D.C on May 29, 2019. President Trump says he will nominate her to be a Federal Reserve governor. (Andrew Harrer/Bloomberg). President Trump plans to nominate Christopher Waller and Judy Shelton to fill the two remaining seats …
The Fed’s Next Test Is Breaking the Ice Over Policy Shift
WASHINGTON—As the economic recovery evolves from forecast to reality, the Federal Reserve will face a question that has vexed it in the past: how to signal its eventual tightening of the money spigot. The process of ending the Fed’s giant bond-buying program, and subsequently raising interest rates, will take years unless inflation unexpectedly surges. Its …