You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets on Wednesday, at the conclusion of the FOMC’s two-day gathering.
The Fed meeting comes against the backdrop of growing evidence of pricing pressures building in the economy as it recovers from the COVID pandemic of the past year and vaccination rollouts allow businesses to return to some semblance of normality. Is isn’t clear exactly however what transitory means — months, years ? How long are elevated levels of inflation to be tolerated before market participants and the Fed lose patience with inflation that undermines asset prices?
The Fed may talk about talking about tapering in June and by August or September begin the work toward a roll back. “Additionally, why the Fed continues to buy $40 billion in mortgage securities every month when the housing market, by all accounts, doesn’t need that support. Will we get that clarity? Probably not,” he offered.
Watch the bond markets carefully folks. It’s a ticking time bomb. I’ve reached out to members of Congress a few months ago to express my concerns. Citadel BlackRock SenWarren RepChuyGarcia SenSherrodBrown RepMaxineWaters SenSanders RepAOC
Trust me I'm from the govt..I'm here to help!!
Keep beating against daddy pow and watch ya ass go broke
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.
40 Campfire Meals to Keep You Well-Fed in the Great OutdoorsHead to the great outdoors and eat in style with 40 recipes destined for campfire greatness. This tweet from is retweeted via foods_HQ which tracks selected cooking related handles and retweets them 24x7. Follow to be always up to date with everything happening in the food world. Retweet and spread the word.
Source: bonappetit - 🏆 482. / 51 Read more »
Fed explores ‘once in a century’ bid to remake the U.S. dollarThe rise of private cryptocurrencies motivated the Fed to start considering a digital dollar to be used alongside the traditional paper currency. Daha çok geriye götürecekler herhalde ülkeyi. İngilizlerin yaptığı gibi boşuna yapmayın, Bitcoin gibi. Çünkü fazla bir işe yarayacağını sanmıyorum. Boş iş yani. Benden tavsiye. !!! 🤔🤔🤔 Because the Chinese are digitizing in order to make the Yuan the reserve currency. Oh no yhr banks wont make money off of our money cause we are skipping the middle man who the fuk cares? They were responsible for the 2008 crash if anything they should be deported or more regulated so they can crash the system again. This nation is FOR THE PEOPLE NOT THE BANKS!
Source: politico - 🏆 381. / 59 Read more »
Shop Full-Coverage Swim Silhouettes That Don’t Skimp On StyleNot everyone wants an itsy bitsy bikini. Shop our favorite full-coverage swimsuits that don't skimp on style
Source: VogueRunway - 🏆 705. / 51 Read more »
With Donald Trump gone, NATO is plotting its futureAt past NATO gatherings, Mr Trump physically jostled one prime minister, threatened to withdraw from the alliance and stormed out early after being mocked by fellow leaders
Source: TheEconomist - 🏆 6. / 92 Read more »
Everything You Need to Know About the NYC Mayoral CandidatesEarly voting begins today, and for the first time, New Yorkers will vote for not just one mayoral candidate but five, listed in order of preference. Here's everything you need to know about the candidates, from their policy proposals to their bagel orders IF A TIE WE HAVE A MAYORAL COUNCIL
Source: NYMag - 🏆 111. / 63 Read more »
World leaders grapple with how tough to be on ChinaWorld leaders at the G-7 summit are discussing how to address China's human rights issues They can discuss all they want but nothing is going to change. China doesn’t even care about what its own people think, what makes you think China is going to give a damn what the world thinks? What about G7 themselves? Anyway, you/they can't do anything to/with China. And they know it, China also. Just another pointless waste of time and fabrication of own importance as always. Tibetans & Uyghurs ?
Source: politico - 🏆 381. / 59 Read more »