So #FOMC decides to keep rates unchanged at 0%-0.25%
Interest on excess reserves raised by 5bps from 0.10% to 0.15%
Inflation forecast raised by 100bps from 2.4% to 3.4%,though #Fed says long term goal is 2%
No #RateHike before 2023,says Powell;In March,he said,not before 2024
Interest on excess reserves raised by 5bps from 0.10% to 0.15%
Inflation forecast raised by 100bps from 2.4% to 3.4%,though #Fed says long term goal is 2%
No #RateHike before 2023,says Powell;In March,he said,not before 2024
So called overnight #Repo operations where banks exchange high-end collateral for reserves,have been seeing record demand lately,as institutions look for any yield above the negative rates they are seeing in some markets
No plans to stop $120bn of monthly Bond purchases by #Fed
No plans to stop $120bn of monthly Bond purchases by #Fed
In separate matter,#FOMC announced,it would extend dollar-swap lines with global central banks through end of the yr
Currency program is the last #Covid-era initiative,Fed took to keep global markets flowing
Basically,Fed decides to stay with liquidity glut&easy money policy
Currency program is the last #Covid-era initiative,Fed took to keep global markets flowing
Basically,Fed decides to stay with liquidity glut&easy money policy
Despite inflationary pressures,with May Headline at 5.4%&Core Inflation at 3.8% in US,highest since 2008,one would have expected #RateHikes in 2022
But #Powell clearly saying two rate hikes only in 2023,means you can expect #Liquidity driven inflation across the globe
#FOMC #Fed
But #Powell clearly saying two rate hikes only in 2023,means you can expect #Liquidity driven inflation across the globe
#FOMC #Fed
Decision to not raise rates will keep US #Dollar in check
#EasyMoney policy will lead to further surge in #AnimalSpirits,with money flowing into Stocks,Bonds, Gold&Commodities,across Markets
Yes--We are in the middle of a huge #AssetBubble,which will get bigger before it bursts
#EasyMoney policy will lead to further surge in #AnimalSpirits,with money flowing into Stocks,Bonds, Gold&Commodities,across Markets
Yes--We are in the middle of a huge #AssetBubble,which will get bigger before it bursts
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