Business owners are "nervous again," Ralph Bostic, president of the Atlanta Federal Reserve Bank, said in webcast remarks to the Tennessee Business Roundtable.
The most urgent policy priorities have been obvious since the beginning, but they will require a show of political will
Fed officials anticipate the United States will suffer the worst economic downturn since World War Two, and they have no intent to let up on providing stimulus for the foreseeable future
Fed Chairman Jerome Powell said the outlook for the US economy was 'extraordinarily uncertain' and the success of the recovery effort would depend on its ability to contain the coronavirus spread
Gloomy economic narrative does not justify stock market highs
The business dynamics are stacked against white label ATMs, which could impact the government's goal of financial inclusion
WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.
While the S&P 500 fell 2.15% in early trading on Friday, Dow Jones declined 2.7% and Nasdaq slipped 2.3%
Ten respondents said the Fed's projections were "too pessimistic" and only five said "too optimistic
At current level, index valuation 18% lower than its record high price of 30x in June 2019
The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier
Spot gold was steady at $1,729.40 per ounce. US gold futures eased 0.1% to $1,734.90
The central bank's remarks were part of its Monetary Policy Report submitted to Congress on Friday
Gains in European, US futures help index stage a comeback
Wall Street plunges to close with biggest one-day loss since March 16
Fed's assessment of a long-lasting damage to US economy dented risk appetite
All that happened in the markets today
The pledge to keep monetary policy loose until the US economy is back on track repeats a promise made early in the central bank's response to the coronavirus pandemic
The S&P 500 was off as much as 0.8 per cent before the Fed statement
The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc, Amazon.com Inc and Microsoft Corp driving rally