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January 17, 2021

Inflation

Fed’s Rosengren says need to keep buying MBS, Treasuries

Reuters
File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – Federal Reserve Bank of Boston President Eric Rosengren said on Friday he welcomes President-elect Joe Biden’s proposed $1.9 trillion stimulus package as “big” but......

Analysis – Less for more in Turkey: costly food starves economic rebound

Reuters
By Ezgi Erkoyun, Jonathan Spicer ISTANBUL (Reuters) – Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey......

Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy

Reuters
(Reuters) – U.S. President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession. FILE PHOTO: U.S. President-elect Joe Biden walks into the......

Powell sees no interest rate hikes on the horizon as long as inflation stays low

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. “When the time comes to raise interest rates, we’ll certainly do that, and......

Fed’s Rosengren says U.S. labor markets could stagnate until vaccine is widely available

Reuters
File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – The U.S. economy could face significant weakness over the next couple of months until coronavirus vaccines are widely distributed, but those vaccines, combined with......

Fed’s Rosengren says U.S. labor markets could stagnate until vaccine is widely available

Reuters
(Reuters) – The U.S. economy could face significant weakness over the next couple of months until coronavirus vaccines are widely distributed, but those vaccines, combined with the increased odds for fiscal stimulus under President-elect Joe Biden, could boost the economy in the long run, Boston Federal Reserve Bank President Eric......

Fed policymakers push back on QE taper talk

Reuters
By Ann Saphir, Howard Schneider (Reuters) – Despite optimism over vaccines and the likelihood of more fiscal stimulus under the incoming Biden administration, the Federal Reserve is sticking with its super-easy monetary policy, policymakers made clear on Wednesday. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John......

Fed’s Harker says central bank won’t let inflation run out of control

Reuters
(Reuters) – The Federal Reserve is going to keep interest rates “low for long” as it supports the healing labor market and works to kindle higher inflation, but it will not let inflation get out of control, Philadelphia Fed President Patrick Harker said on Wednesday. “We’re willing to overshoot inflation......

Fed sees modest growth but says optimism tempered by virus resurgence

Reuters
(Reuters) – U.S. economic activity increased modestly in recent weeks and a growing number of Federal Reserve districts saw a drop in employment as a surge in coronavirus infections led to more shutdowns, the U.S. central bank said on Wednesday. FILE PHOTO: The Federal Reserve Building stands in Washington April......

Analysis: Dollar bears grow cautious as U.S. yields rise

Reuters
By Saqib Iqbal Ahmed, Ritvik Carvalho NEW YORK/LONDON (Reuters) – A rally in U.S. yields is clouding the outlook for one of the market’s most popular trades: betting against the dollar. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File......

U.S. consumer prices increase in December

Reuters
FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid WASHINGTON (Reuters) – U.S. consumer prices increased in December, with households paying more for gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 pandemic, which has weighed on......

REUTERS NEXT-ECB forecasts still stand if lockdowns lift by end-March, Lagarde says

Reuters
FRANKFURT, Jan 13 (Reuters) – The European Central Bank’s forecast of an economic rebound this year still stands despite fresh restrictions to activity in several euro zone countries, provided those measures are lifted by end-March, ECB President Christine Lagarde said on Wednesday. “I think our last projections in December are......

Goldman Sachs’ chief economist warns a pullback for stocks could be coming soon

CNBC
CNBC – For more and to sign up click here A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Goldman Sachs Chief Economist Jan Hatzius said that U.S. stocks and bond markets could possibly “take more......

With rates on the rise, investors fearing any signs of inflation

CNBC
CNBC – For more and to sign up click here With the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up. So Wednesday’s December CPI report will be important even if it still shows a muted rise in the consumer price index. According......

Despite rising yields, $7.9 billion money manager believes inflation comeback worries are premature

CNBC
CNBC – For more and to sign up click here RiverFront Investment Group’s Kevin Nicholson believes inflation comeback worries are premature because Treasury yields’ upside is limited. His latest analysis came as the benchmark 10-year Treasury Note yield hit its highest level in almost ten months. “The market is preparing......

Fed’s Rosengren says U.S. economy could see robust recovery in second half of 2021

Reuters
File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – The U.S. economy could see a strong rebound in the second half of this year as vaccinations become widely available, but the virus is......

India’s retail inflation eases in December, within RBI target

Reuters
By Manoj Kumar, Aftab Ahmed NEW DELHI (Reuters) – A fall in vegetable prices helped India’s retail inflation to ease in December to within the central bank’s 2% to 6% target range, although it’s unlikely to cut the policy repo rate soon, economists said. December’s annual retail inflation was 4.59%,......

V-shaped recovery is in ‘tatters,’ and Wall Street doesn’t seem to care: Economist Stephen Roach

CNBC
CNBC – For more and to sign up click here Economist Stephen Roach sees trouble on Wall Street. His observation: The market is placing too much emphasis on the Federal Reserve holding interest rates at zero to prevent the economy from falling into another recession. “That gives markets conviction to......

China’s December factory prices fall at slowest pace in ten months

Reuters
FILE PHOTO: Employees wearing face masks work at a factory of the component maker SMC during a government-organized tour of its facility following the outbreak of the coronavirus disease (COVID-19), in Beijing, China May 13, 2020. REUTERS/Thomas Peter BEIJING (Reuters) – China’s factory gate prices fell last month at their......

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