EghtesadOnline: The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.
EghtesadOnline: Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines.
EghtesadOnline: Bonds rebounded while U.S. stock futures were steady before U.S. inflation data and bank earnings that will serve as a test for the strength of the economy.
EghtesadOnline: The U.S. dollar weakened against its G-10 peers and stocks in Asia were mixed as attention turned to central bank policy after markets were rattled by reports of Donald Trump Jr.’s contact with a Russian lawyer.
EghtesadOnline: A top U.S. central banker on Tuesday said he still expected one more rise in interest rates from the Federal Reserve this year and for it to start unwinding its massive balance sheet in the next few months.
EghtesadOnline: Investors scouring Janet Yellen’s speech last Friday for clues on short-term interest rates came away disappointed. The Fed chair chose to deliver a more important message: The future of U.S. macroeconomic policy cannot be like the past.
EghtesadOnline: The U.S. economy is at increasing risk of becoming trapped in a prolonged phase of slow growth that points to the need for lower interest rates than previously expected, Federal Reserve policymaker Jerome Powell was quoted as saying.