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September 22, 2021

Fed

The Fed will change trading rules for officials to keep public’s trust after controversy, Powell says

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Powell......

As the Fed sticks to its near-zero rate policy for now, here’s what that means for you

CNBC Real Estate
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will......

Dow futures bounce 200 points ahead of Fed decision as stocks try to shake September slump

CNBC
CNBC – For more and to sign up click here U.S. stock futures were higher on Wednesday ahead of the Federal Reserve’s decision on monetary policy as stocks try to snap out of their September slump. Futures on the Dow Jones Industrial Average futures rose 200 points, or 0.6%. S&P......

Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year

CNBC
CNBC – For more and to sign up click here JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon has warned investors that the......

Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year

CNBC
CNBC – For more and to sign up click here JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon has warned investors that the......

Dollar near one-month high as Evergrande risks, Fed loom

Reuters
TOKYO, Sept 22 (Reuters) – The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening. The dollar index stood at 93.226 in early Asian trade, staying......

The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying

CNBC
CNBC – For more and to sign up click here After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will release......

The Fed likely will wait until November for taper announcement, CNBC survey indicates

CNBC
CNBC – For more and to sign up click here The taper announcement cometh, but just not this week, according to the CNBC Fed Survey. The survey of 32 market participants shows they expect the Federal Reserve to announce a reduction in its $120 billion in monthly asset purchases in......

Stock futures are flat following the S&P 500’s worst day since May, Fed meeting ahead

CNBC
CNBC – For more and to sign up click here U.S. stock futures were about flat in overnight trading on Monday following a major sell-off on Wall Street that resulted in the S&P 500’s worst day since May. Dow Jones futures rose just 12 points. S&P 500 futures and Nasdaq......

Dow drops more than 500 points amid Fed, Delta variant jitters

CBS News
CBS News – For more and to sign up click here The most important U.S. stock indexes opened sharply lower on Monday as investors assessed a bevy of risks, including a possible shift in Federal Reserve guidance this week that could hurt corporate profits.  The Dow Jones Industrial Average was......

As stocks enter volatile period, the Fed will attempt to not rock the boat further in the week ahead

CNBC
CNBC – For more and to sign up click here Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 15, 2021. Bloomberg | Bloomberg | Getty Images The Federal Reserve’s much-anticipated meeting next week may not be......

U.S. debt ceiling impasse? Fed’s ‘loathsome’ game plan for the ‘unthinkable’

Reuters
Sept 17 (Reuters) – Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. That’s an outcome the White House on Friday warned could plunge the economy into recession. read more If the impasse in Congress over......

Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic

CNBC
CNBC – For more and to sign up click here Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome......

Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Federal Reserve Chairman......

Dollar sluggish as traders bide time before Fed meeting; kiwi jumps

Reuters
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo Market waiting for clues on taper timing from Fed New Zealand dollar buoyed by faster-than-expected GDP growth Norway’s crown at multi-month highs to......

Hurricane Ida, supply constraints slow U.S. factory production

Reuters
Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo Manufacturing production increases 0.2% in August Industrial output rises 0.4%; Hurricane Ida......

Sen. Elizabeth Warren urges the Fed to break up Wells Fargo

CNBC
CNBC – For more and to sign up click here Senator Elizabeth Warren, a Democrat from Massachusetts, questions Jerome Powell, chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, right, during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Nov. 28, 2017. Andrew......

Dodd-Frank architects call for reappointment of Fed’s Powell

Reuters
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, U.S., June 22, 2021. Graeme Jennings/Pool via REUTERS/File Photo WASHINGTON, Sept 13 (Reuters) – The Democratic architects of a key overhaul of U.S. financial regulation a......

Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

CNBC
CNBC – For more and to sign up click here A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles. Kevork Djansezian | Reuters Tuesday’s report of the consumer price index could set the tone for markets ahead of......

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