The Federal Reserve released its latest interest-rate decision, as well as new dot-plot and economic forecasts, followed by a press conference with Chairman Jerome Powell. MarketWatch and Barron’s reporters live-blogged the news and market reaction.
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In press conference, Powell to emphasize economy strong enough not to need a rate cutFed Chairman Jerome Powell will likely be a little more upbeat about the economy than he was in January in an effort not to boost the market’s expectation of...
Source: MarketWatch - 🏆 3. / 97 Read more »
Fed Faces Crucial Decision on Mix of Treasurys in Its PortfolioAs the Federal Reserve tries to decide when to stop shrinking its asset portfolio, an even more sensitive task may be to determine the composition of the Treasurys it holds, with implications for the economy and monetary policy. Dear, If Someone is saying 'He can CHANGE the World in RIGHT direction'. How would you react? 1- One Mad, Deranged or Mental health patient is sending Junk tweets? 2- Let him try something New? Why you shouldn't believe him? There is ample liquidity for credit such that spreads will remain compressed. Would think targeting rates achieves policy goal and less crowding out distortions. While not specifically within the Fed's congressional mandate, it would help if it could do something about our strong dollar, which is making our world-leading trade deficit worse. It bothers me that we are financing Chinese bullet trains while we are dodging chuckholes at home.
Source: WSJ - 🏆 98. / 63 Read more »