Page 13 - Federal Reserve
In year-end meetings, top central banks may diverge over inflation, Omicron
Major central banks meet this week to assess risks from the new Omicron variant of the coronavirus even as they consider reducing emergency measures put in place nearly two years ago.
 "In year-end meetings, top central banks may diverge over inflation, Omicron")
US stocks rise after in-line inflation data meets Fed expectation
The S&P 500 gained 0.5 per cent and Nasdaq 100 added 0.6 per cent as the headline CPI rate came in at 6.8 per cent
 "US stocks rise after in-line inflation data meets Fed expectation")
Safe-haven yen, Swiss franc rise on Omicron fears, Fed policy uncertainty
The safe-haven yen and Swiss franc gained on Friday as global equities and bond yields fell on fears about the spread of the Omicron variant
 "Safe-haven yen, Swiss franc rise on Omicron fears, Fed policy uncertainty")
Omicron threatens to fuel soaring US inflation: Cleveland Fed's president
The Omicron coronavirus variant threatens to fuel soaring inflation in the United States, Cleveland Federal Reserve Bank President said
 "Omicron threatens to fuel soaring US inflation: Cleveland Fed's president")
Global stocks rally set to moderate next year, correction likely: Poll
Uncertainty around the virulence of the Omicron coronavirus variant and its ability to evade vaccine protection led to a rare sell-off in financial markets last Friday.
 "Global stocks rally set to moderate next year, correction likely: Poll")
Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish
Monetary policy will not have to be in conflict with fiscal policy in India, as opposed to other economies, says K V Subramanian
 "Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish")
Omicron Covid-19 variant poses downside risks to US economy: Fed Chief
The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to US employment and economic activity, Powell said
 "Omicron Covid-19 variant poses downside risks to US economy: Fed Chief")
A brave new world of banking
The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US
 "A brave new world of banking")
Reddit's latest money-making obsession is an obscure Fed facility
A screenshot of this obscure but important facility's daily usage is religiously uploaded to a Reddit forum called Superstonk
 "Reddit's latest money-making obsession is an obscure Fed facility")
Fed warns of peril in run-up of risky asset prices, stablecoins
While the Fed is sounding alarms about high asset prices, some economists have said the central bank's own policies are behind much of the surge.
 "Fed warns of peril in run-up of risky asset prices, stablecoins")
Time for Fed to taper bond purchases but not to raise rates: Powell
The Fed has signaled it will likely begin next month to taper its $120 bn in monthly purchases of Treasury bonds and mortgage-backed securities
Markets skid for second day as inflation, valuation concerns' weigh
Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations
 "Markets skid for second day as inflation, valuation concerns' weigh")
Some capital will flow out of India if US Fed does any tapering, warns IMF
Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact
 "Some capital will flow out of India if US Fed does any tapering, warns IMF")
Analysis: Why the Federal Reserve might welcome a bond market tantrum
Even with growth tipped to surpass 6% this year and a "taper" in sight for the Fed's bond-buying programme at the end of this year, 10-year yields are still stuck at just above 1.3%
 "Analysis: Why the Federal Reserve might welcome a bond market tantrum")
Citigroup Q2 profit beats market estimates on release of reserves
An economic recovery fueled by vaccine rollouts across the country and a $1.9 trillion stimulus package pushed through by the Biden administration earlier this year is expected to drive banking profit
 "Citigroup Q2 profit beats market estimates on release of reserves")
US consumer prices post largest gain in 13 yrs; inflation has likely peaked
The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.
 "US consumer prices post largest gain in 13 yrs; inflation has likely peaked")
The RBI as outlier on inflation
As the threat of inflation returns, the Fed and others adjust their messages - why not the RBI?
 "The RBI as outlier on inflation")
Sensex extends losses as Federal Reserve's taper talk trips world markets
A sharp drop in the rupee - which fell 76 paise against the dollar - also sapped risk appetite, traders said.
 "Sensex extends losses as Federal Reserve's taper talk trips world markets")
US Fed surprise may herald new era of Asian currency weakness
Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.
 "US Fed surprise may herald new era of Asian currency weakness")
Gold hovers near one-month low after Fed mulls earlier rate hikes
US gold futures were down 2.6% at $1,812.20 per ounce.
 "Gold hovers near one-month low after Fed mulls earlier rate hikes")
