New York The Federal Reserve is unlikely to take its foot off the stimulus gas pedal this week as the recovery has run into some roadblocks.
Most notably: the Delta variant.Mere weeks ago, investors were convinced the central bank would announce a tapering of its massive pandemic stimulus program at its September meeting, which began Tuesday. But some somber economic data, including a very disappointing jobs report and changes in consumer sentiment on the back of rising Covid-19 cases, have pushed back expectations for the taper timeline.
We're in a recovery mode....do we need every single detail?
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Asian stocks tense for Fed tapering newsAsian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.
Source: Reuters - 🏆 2. / 97 Read more »
Fed Faces Calls to Remove Officials Over Trades They Made While Setting PolicyTwo advocacy groups said two senior Federal Reserve officials who traded stocks and other investments while setting monetary policy should lose their jobs Should be prison and/or total forfeit of profits from investments made during tenure Don't whine, just do it.
Source: WSJ - 🏆 98. / 63 Read more »
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buyingAfter Monday's market turbulence, the Fed's challenge will be to sound reassuring while acknowledging it is getting ready to move away from its easy policy. Sounds like copium. My puts are printing $SPY.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks drop the most since May on worries over China and the FedU.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a heavily indebted Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy Worries over Biden.
Source: latimes - 🏆 11. / 82 Read more »
Stock futures are flat following the S&P 500's worst day since May, Fed meeting aheadStocks tumbled on Monday due to a confluence of concerns including the imminent Fed meeting, the delta variant and potential economic disruption in China. We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 1BTC ($43,196.80) and more daily! No referral No withdrawal fees Interested people only Kindly send a DM. ok when i was a child from birth flour,wheat, salt and grain now held out til almost ten years old n sold out ok now think ingredigents in food even sugar.. after covid 19 is over which is fake for illumitti try rule america horrible
Source: CNBC - 🏆 12. / 72 Read more »
Stocks drop the most since May on worries over China, FedStocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they default — rippled across markets. Yup fake market crash But Biden said he was building back better this is good new project minting will be .08 but free if you own one. NFT CryptoDiamonds
Source: AP - 🏆 728. / 51 Read more »