FRANKFURT—The European Central Bank said Thursday it would phase out an emergency bond-buying program while ramping up other stimulus measures, diverging from the Federal Reserve and underscoring the challenge facing policy makers as they balanceThe ECB said in a statement that it would end its €1.85 trillion emergency bond-buying program, equivalent to $2.1 trillion, as planned in March, but expand a separate bond-buying program next year.
The ECB said it would gradually scale down its bond purchases to €30 billion starting in July, and €20 billion from October. After that, the ECB said it would continue buying bonds at the same pace “for as long as necessary to reinforce the accommodative impact of its policy rates.” Investors will now turn to ECB President Christine Lagarde’s news conference, starting at 8:30 a.m. ET, for clues as to the timing of future interest-rate rises and the ECB’s support for highly indebted Southern European economies like Italy.
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.
5 Ways to Understand the U.S. Climb to 800,000 COVID DeathsGrappling with another horrifying milestone as the Omicron phase of the pandemic nears.
Source: NYMag - 🏆 111. / 63 Read more »
European Central Bank to end PEPP purchases in MarchThe European Central Bank on Thursday said it would further slow purchases of assets under its Pandemic Emergency Purchase Program, or PEPP, in the first... Yeah i would love to share this information with stock investors. I always run at lost in all my involvement but i started earning when i got introduced to a trade coach who help me trade, all i do is relax and earn. In 2 weeks i earned $20,000 Contact him abrantesrene
Source: MarketWatch - 🏆 3. / 97 Read more »
In 2021, play became a way to think about lifeIf there's a defining medium of our still-uncertain pandemic age, it's games.
Source: latimes - 🏆 11. / 82 Read more »
The Fed hints at multiple rate hikes in 2022 to combat inflationThe Federal Reserve will wrap up its pandemic-era stimulus program faster and expects to raise interest rates more in 2022 than projected in September. What is the solution... BTC First, create inflation, then try to fight it. Genius! I can’t say that I understand enough about how the global economy works but everything that’s been going on since the pandemic started, seems counterintuitive to me.
Source: CNN - 🏆 4. / 95 Read more »
House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks: 'We're a free-market economy'Speaker Pelosi dismissed the idea of banning congressional lawmakers and their spouses from owning stock shares of individual companies. “We’re a free-market economy,” Pelosi said. “They should be able to participate in that.” - CNBC CNBC That did it for me, SpeakerPelosi has got to go. If the corruption is OK at the top, things will never change. CNBC Fear will only make you keep on watching while your opportunities pass you bye. Invest on crypto/forex trade and make money in minutes, if you don't know how to go about it worry not Mr abrantesrene can guide you just contact him CNBC Nope. Let them play the market when they retire.
Source: NBCNews - 🏆 10. / 86 Read more »
Federal Reserve sets stage for earlier, faster interest rate hikes as inflation soarsWith inflation surging, the Fed clears the way for earlier, faster rate hikes by accelerating wind-down of a bond-buying stimulus program. And USA Today continues to cover the Biden's administration's incompetence and policies that have created this financial mess. Protect the Precious.
Source: USATODAY - 🏆 100. / 63 Read more »