Political rhetoric around raising the debt limit, which would allow Treasury to issue more debt, has been building. The White House warned Friday the economy could enter a recession if Congress fails to act.
The quarterly forecasts of Fed officials are released along with the 2 p.m. statement Wednesday. They include new economic projections and an updated interest rate forecast. Some Fed watchers expect the central bank to move its interest rate forecast forward slightly. In June, the dot plot showed two rate hikes for 2023 and none for 2022.
Meyer said Powell has emphasized that the wind down of the asset purchase program is not linked to the Fed's move to raise interest rates from the current zero level. If the interest rate forecast moves forward, it could suggest to the market that the Fed will wind down its bond program and immediately move on to a rate hike. The bond program is slowly expected to be unwound over the course of six months or more.September has been weak so far for the market, with the S&P down 1.
No shit they already hit the ship with a wave with all these mandates. SPY hit the 50sma break that and let’s have a full out correction
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren Calls On Fed Banks to Bar Leaders From Stock TradingThe senator sent letters to the 12 regional Fed presidents asking them to ban ownership of individual stocks among top officials at their banks. But not members of Congress, of course... SenWarren You don't have to reinvent the wheel! Just implement 'Independence rules' that employees of large audit companies have to follow. It is all already out there and it works. You just need to learn and copy. How about the “non profits” run by members of Congress? Seems to be a wealth builder for them.
Source: WSJ - 🏆 98. / 63 Read more »
Fed reviews ethics policies after prolific trading uncoveredThe Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year. This is how they pay terrorists ...treason no wonder I'm poor- worked for a living Piss on these traitors.
Source: ABC - 🏆 471. / 51 Read more »
Fed up with TikTok, Black creators are moving onMany Black content creators have said that TikTok handles their accounts in ways which seem unfair and racially biased. Now, many of them are planning to get off TikTok for good. _B_Contreras_ and MarVasMartinez report: _B_Contreras_ MarVasMartinez
Source: latimes - 🏆 11. / 82 Read more »
Fed up with TikTok, Black creators are leaving the platformMany Black TikTok users say the platform exploits their content while suppressing their voices. Increasingly, they're moving their activity to other platforms. _B_Contreras_ and MarVasMartinez report: _B_Contreras_ MarVasMartinez Welcome back!
Source: latimes - 🏆 11. / 82 Read more »
Dollar sluggish as traders bide time before Fed meeting; kiwi jumpsThe dollar drifted near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week's Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus.
Source: Reuters - 🏆 2. / 97 Read more »
92 Cooking Projects to Keep You Busy and Extremely Well FedSteaming soup dumplings, fluffy milk bread, and more cooking adventures to get fully consumed by.
Source: bonappetit - 🏆 482. / 51 Read more »