The Federal Reserve's whatever-it-takes approach to stave off economic calamity has kept interest rates near zero and helped drive U.S. stocks back to pre-pandemic record levels, while weakening the usual dynamic between safe-haven U.S. Treasuries and riskier equities.
The S&P 500 500 and U.S. 10-year Treasury notes typically move in opposite directions, such that when equities rise during periods of confidence and risk-taking, bond prices fall, pushing yields, which move inversely to prices, higher. "The Fed and the government have pledged ongoing support for the economy, which has pushed risky assets higher," he said."At the same time, the Fed wants to keep rates low in order to keep stimulus in place and to prevent a tightening in financial conditions."
The Fed's policy-setting Federal Open Market Committee meets Tuesday and Wednesday, with no major announcements expected. But it may lay the groundwork for more action in September or in the fourth quarter, analysts said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US doubles spending on potential virus vaccine to nearly US$1 billionThe United States has doubled its investment - to nearly US$1 billion - to expedite development of a potential COVID-19 vaccine by American firm ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US doubles spending on potential virus vaccine to nearly US$1 billionThe United States has doubled its investment - to nearly US$1 billion - to expedite development of a potential COVID-19 vaccine by American firm ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US doubles spending on potential coronavirus vaccine to nearly US$1 billionWASHINGTON (AFP) - The United States has doubled its investment - to nearly US$1 billion (S$1.38 billion) - to expedite development of a potential Covid-19 vaccine by American firm Moderna, which on Monday (July 27) begins the decisive final phase of clinical trials.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Moderna gets further US$472 million US award for coronavirus vaccine developmentModerna Inc said on Sunday it has received an additional US$472 million from the U.S. government's Biomedical Advanced Research and Development ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US sends envoy to press for peace talks in AfghanistanWashington has dispatched a special envoy for Afghanistan to press for peace talks between the government and Taliban fighters, with the diplomat ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Golf: Westwood to skip PGA Championship due to Covid-19 concerns in the USLONDON (REUTERS) - Former world number one Lee Westwood said on Saturday (July 25) that concerns about the Covid-19 pandemic in the United States will prevent him from flying over and participating in tournaments, including the PGA Championship next month.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »