U.S. government bond yields were steady early in the trading session, with Powell expected to give an update on the central bank's economic outlook and monetary policy amid the pandemic.the process by which the central bank would curb its monthly bond purchases that have helped keep the financial system adrift with cash and encouraged investors to take on risk despite rich equity valuations.
The Fed is due to release its interest rate decision at 2 p.m. ET, with Powell expected to speak to reporters at 2:30 p.m. ET., which was released Tuesday. The IMF is now forecasting the global economy to grow by 5.5% in 2021, 0.3% higher than what it predicted in October.Weekly EIA stock change data for gasoline, crude oil, Cushing crude oil and distillate is then due to come out at 10:30 a.m. ET.
Auctions will be held Wednesday for $25 billion of 105-day bills, $30 billion of 154-day bills and $28 billion of 2-year floating-rate notes.
Which reporter will be the first to ask Powell about Gamestop in the press conference ? Can he still tell lies such as no bubble / smooth market functioning / not lead to wealth inequality ?
NewYorkFed GoldmanSachs FT GameStop shares close 92% higher, market cap now above $10B GameStop (GME) shares gained another 92% today to close at a record $147.98 a piece in another clash filled session between reddit WallStreetBets and short sellers.
FED is the cancer of US economy. Powell is accelerating dollar crashing by unlimited paper dollar printing. We will see more GME skyrocket. The retail investors can buy Bitcoin, Gold and silver to short squeeze JPM and help FED to crash US dollar. Let's see
With your poor reporting on Gamestock, you lost any credibility. What you do is paid propaganda but not serious journalism. I rather read 'news' from some company website directly than through you.
We need to end the stupid trade war Trump started. All these onerous tariffs on imports from China are crushing our economy. Biden needs to wake up.
GMEGANG - You can add to your positions by going long $vix. All the short CALLS will be wiped out. As vix goes up, so does your Call option premium. And that will push the GME stock price too! And the best of all-VIX can go +400% from here! GameStop GMEtothemoon AMC reddit
good luck
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