Analysts are penciling in faster economic growth now that vaccines are rolling out and with a Congress now controlled by Democrats more open to big government spending than Republicans typically are
With the US economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said
Powell promised that would be the case with the current purchases as well.
One US Federal official says there is now a "clearer focus" about the economy's path forward and a horizon for a fuller recovery. Another says the pandemic's "endgame" is here
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see
The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets
WASHINGTON (Reuters) -The Federal Reserve was nearly unanimous in its decision last month to leave its bond-buying program unchanged, but left a wide berth for officials to decide in the future if and when changes should be made, according to minutes of the U.S. central bank's December policy meeting.
The order directs the bank to adopt a formal plan to overhaul its policies within 90 days to ensure it is appropriately monitoring for illicit activity
Last week the Fed, in its final meeting of 2020, promised to keep funneling cash into financial markets further into the future to fight the recession
Federal Reserve Board voted to keep its countercyclical capital buffer at 0%, saying it would not order banks to hold additional capital to protect against losses in a future economic downturn
After touching its lifetime intra-day high of 46,992.57, the Sensex settled 223.88 points or 0.48 per cent up at 46,890.34 - its new closing record
Markets today: Heavyweights like HDFC, Bajaj Finance, HDFC Bank, and Reliance ended between 0.5 per cent and 3 per cent higher on the S&P BSE Sensex
It was the more incremental step of the options the Fed was weighing, taken as policymakers boosted their outlook for economic growth next year to 4.2 per cent from 4 per cent at the median
The ability to trade foreign currency for dollars at the US central bank is permanently available to the European Central Bank and a handful of other major central banks
The US Federal Reserve has joined an international group of central banks focused on climate change risk, a signal that it could move to incorporate the impacts of global warming into regulatory writ
The Fed's membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) comes after a yearlong collaboration, the Fed said
During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26 per cent
US Federal Reserve Chairman Jerome Powell said that the continuing Covid-19 resurgence across the country could pose challenges to the economic recovery in the next few months
In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence
Most participants said the committee should move toward issuing forward guidance that links the pace and makeup of purchases to certain economic outcomes