No elk or trout, but Fed’s virtual retreat may stoke market’s ‘animal spirits’ | Malay Mail

Saturday, 22 Aug 2020 09:27 AM MYT

Powell will discuss the Fed’s monetary policy framework review — a review it has been undertaking for nearly two years into how it conducts monetary policy — on the opening day of the Kansas City Fed’s annual symposium on Thursday. “The stock market is telling you there is asset price inflation occurring when there is still a lot of underlying weakness in the economy. I think the Fed is unlikely to view that as a signal of success on policy and, therefore, decide there is nothing more to do,” said Tony Rodriguez, chief fixed income strategist at Nuveen.

Benchmark 10-year Treasury yields hit near record lows of 0.504 per cent earlier this month, before backing up to 0.638 per cent after a rash of Treasury supply. The Fed is trying to spur inflation over the next several years in order to prevent a deflationary spiral as the global economy struggles to right itself from the Covid-19 shock.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Tech stocks defy downbeat data as dollar, global equities retreat | Malay MailNEW YORK, Aug 21 — The dollar eased and global equity markets fell yesterday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose in a sign of safe-haven buying. Economic concerns weighed on equities earlier in...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »