US stocks finished well off their intraday lows as investors digested the Fed's minutes and concerns over inflation.
FOMC minutes showed it will "likely be some time" until the Fed tightens its policy stance and Biden's stimulus "considerably larger" than expected.
Stimulus and vaccinations improved Fed officials’ medium-term outlooks, FOMC meeting minutes showed. The central bank elected to hold interest rates near zero and maintain its pace of asset purchases. FOMC members also emphasised the importance of “clearly communicating” future policy changes. Visit the Business section of Insider for more stories. […]
Fed officials also emphasized the importance of "clearly communicating" when it would begin tightening its policy stance, per FOMC minutes.
US stocks slid on Wednesday as investors mulled the cautionary remarks from Federal Reserve officials. Federal Open Market Committee meeting minutes showed policymakers fearing a slowdown in the economy’s recovery. Members also refrained from issuing forward guidance on when it would enact new policies. The S&P 500 finished lower after […]
Federal Reserve officials called for detailed forward guidance and mulled additional policy tools during their June meeting, according to minutes released Wednesday. Policymakers expect “highly accommodative monetary policy” to last “for many years” until the economy poses a robust recovery. Central bankers agreed clearer forward guidance is “important” to effectively […]
Minutes from the Federal Reserve’s April meeting detailed key risks facing the economy as coronavirus lockdowns dragged on. Members of the Federal Open Market Committee found that a “more pessimistic projection was no less plausible” than a base case that featured economic growth re-emerging in the second half of the […]
The Federal Reserve’s directors envisioned two economic scenarios of differing intensity as the coronavirus began driving business shutdowns and layoffs, Federal Open Market Committee meeting minutes released Wednesday showed. A short-lived outbreak would bring an economic recovery in the second half of the year, the board said in the emergency […]
The Federal Reserve deems its current policy stance and interest rate “appropriate” amid the growing coronavirus threat, minutes from January’s Federal Open Market Committee meeting revealed Wednesday. The meeting took place days after coronavirus fears fuelled a sharp downtrend in US stocks. Participants cited the outbreak as “a new risk […]
Asian and European stocks and US futures fell on Thursday after central banks warned of a global economic slowdown and Brexit uncertainty looked set to linger for another six months. The European Central Bank (ECB) pledged to leave interest rates untouched for at least the rest of 2019, and promised […]
US futures and European stocks rose on “Super Wednesday” as investors bet on good news from the Brexit summit, ECB meeting, US inflation data, and Fed’s March minutes. European leaders are set to grant a delay to Brexit of up to a year, giving British Prime Minister Theresa May more […]
European stocks and US futures are down after the Trump administration threatened to impose tariffs on $US11 billion in EU imports. The White House said the tariffs are a response to EU subsidies for Airbus, the archrival of troubled US aircraft maker Boeing. An ECB policy meeting, an EU summit […]
The Federal Reserve says the uncertainty and risks related to a trade war between the US and its partners have intensified. The trade disputes could eventually weaken business investment, the Fed said in minutes of its June meeting released on Thursday. The Federal Reserve has once again flagged the damage […]
Federal Reserve officials saw US trade spats with China as a risk to the economy when they held a policy meeting in March. Since then, China and the US have announced additional tariffs on key products. Minutes of the Fed’s policy meeting released Wednesday showed that Fed officials still expected […]
Some Fed officials see an “appreciable risk” that inflation remains below their 2% target, according to the minutes of their January meeting released on Wednesday. Wall Street has been focused on inflation since that meeting. Concerns about it – and higher interest rates – helped plunge the stock market into […]
The Federal Reserve debated the impact of tax reform on the economy and on how it sets interest rates, minutes of the December meeting showed. Most Fed officials favour gradual rate increases. However, some noted that the economy could be about to get a boost from tax cuts, which would […]
Federal Reserve Chair Janet Yellen raised fresh concerns about low inflation in Tuesday evening speech. Fed minutes from Nov. 1 meeting show doubts exist among policymakers about whether low inflation is in fact transitory. Wall Street is still counting on a December interest rate hike, but future rate increases may […]