Page 71 - Us Federal Reserve
Exceptional crisis, exceptional responses
Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.
 "Exceptional crisis, exceptional responses")
Indian stocks set to gain on Fed boost after logging worst single-day fall
On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar
 "Indian stocks set to gain on Fed boost after logging worst single-day fall")
Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%
The Dow Jones Industrial Average <.DJI> dropped 3.12% to end at 18,576.04 points, while the S&P 500 <.SPX> lost 2.96% to 2,236.7
 "Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%")
Federal Reserve aims 'bazooka' to backstop coronavirus-hit economy
Nearly a third of the US population has been urged to stay indoors and authorities have mandated the shutdown of large parts of the service sector to keep people safe
 "Federal Reserve aims 'bazooka' to backstop coronavirus-hit economy")
Wall Street plunges as Federal Reserve fails to allay coronavirus worries
More states under lockdown raise fears of hit to economy
 "Wall Street plunges as Federal Reserve fails to allay coronavirus worries")
US Fed announces more measures to ease dollar crunch, liquidity strains
The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.
 "US Fed announces more measures to ease dollar crunch, liquidity strains")
Market Ahead, March 20: Top factors that could guide markets today
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
 "Market Ahead, March 20: Top factors that could guide markets today")
Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps
The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function
 "Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps")
Covid-19 hit US economy already in recession: BofA; pegs job loss at 3.5 mn
US Federal Reserve urged not to restrict the quantum of stimulus measures
US Federal Reserve moves to ensure liquidity in money market mutual funds
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
 "US Federal Reserve moves to ensure liquidity in money market mutual funds")
Coronavirus: ECB announces 750 bn euro pandemic emergency purchase scheme
The decision came after the bank's 25-member governing council held emergency talks by phone late into the evening.
 "Coronavirus: ECB announces 750 bn euro pandemic emergency purchase scheme")
US Fed to reintroduce Commercial Paper Funding Facility to boost lending
The Fed said the Treasury will provide $10 billion of credit protection to the central bank's commercial paper operation
Wall Street bounces after Monday's historic sell-off, Dow Jones rises 5%
The US central bank relaunched a financial crisis-era purchase of short-term corporate debt to help companies be able to continue paying workers and buy supplies through the pandemic
 "Wall Street bounces after Monday's historic sell-off, Dow Jones rises 5%")
US Fed to buy short-term corporate debt in emergency coronavirus move
Under the Commercial Paper Funding Facility, first used in 2008, the central bank will buy short-term corporate debt directly from the companies that issue it
 "US Fed to buy short-term corporate debt in emergency coronavirus move")
Fed's failure to fix credit plumbing leaves markets scrambling for dollars
The big disappointment for markets was that the Fed did not offer a repurchase programme for the commercial paper market
Oil extends losses as US Fed rate cut fails to soothe global markets
Oil prices have come under intense pressure on both demand and supply sides
 "Oil extends losses as US Fed rate cut fails to soothe global markets")
Gold rises after US Fed interest rate cut, but pares gains on cash hunt
The dollar fell from a more than two-week high and stock markets plunged after the Fed cut rates for the second time this year
 "Gold rises after US Fed interest rate cut, but pares gains on cash hunt")
US Fed cuts rates, central banks coordinate to cushion coronavirus blow
The Bank of Japan just said it will hold an emergency meeting Monday, instead of the March 18-19 scheduled one
Global stocks plunge, dollar slides as Fed's emergency cut spooks investors
US stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen
 "Global stocks plunge, dollar slides as Fed's emergency cut spooks investors")
US dollar falls after Federal Reserve cuts interest rates to near zero
The US Federal Reserve cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks
 "US dollar falls after Federal Reserve cuts interest rates to near zero")
