• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Tuesday, August 17, 2021 Headlines

FTD Limited by FTD Limited
August 17, 2021
Reading Time: 4 mins read
A A
Monday, June 14, 2021 Headlines
0
SHARES
29
VIEWS
tweetpostshare
  1. Fed Gets Closer to Asset Buying Move
  2. Markets Await Fed Chairman Powell’s Statements
  3. If the Economy is Threatened by Lockdowns, Australia’s Central Bank is Prepared to Respond

Fed Gets Closer to Asset Buying Move

It was stated that Fed members are approaching a consensus on starting to reduce their asset purchases, which are currently $120 billion per month.

Boston Fed President Eric Rosengren stated that he favored reducing purchases of mortgage-backed securities before Treasury paper purchases and that he would support the completion of purchases by mid-2022 if strong economic growth continues. He added that due to the current supply shortages, the FED’s asset purchases are of no use. However, Rosengren has no voting rights this year.

San Francisco, Boston, Dallas, and St. Louis Fed presidents gave their support for the reduction in asset purchases to begin within 3 months at the latest and for the purchases to be completed by mid-2022.

St. Louis Fed President James Bullard argued that the Fed should start reducing its Treasury paper purchases by $20 billion monthly and purchases of mortgage-backed securities by $10 billion next month, while demanding that the purchases be completed by March 2022.

Jerome H. Powell, the Federal Reserve chair

Markets Await Fed Chairman Powell’s Statements

In a virtual town hall discussion with teachers and students this afternoon, Fed Chair Jerome Powell will share his assessment of the US economy and monetary policy. President Powell will answer questions from attendees from around the country who will attend the meeting virtually. There’s no guarantee Powell will say anything about monetary policy during the town hall, but there’s a chance he’ll say further development in the labor market is needed before a taper. He will, however, likely wait until next week’s Jackson Hole meetings to make his decision on the timing and extent of the planned reduction of quantitative easing. 

Before these developments, it was seen that the worse than expected macroeconomic data in China and the USA, the number of new types of coronaviruses (Kovid-19) cases that continue to increase, and the geopolitical risks originating from Afghanistan created selling pressure in the global stock markets.

The market may be underestimating the town hall “given it’s for educators and we’ll have Jackson Hole next week,” said Kengo Suzuki, chief FX strategist at Mizuho Securities Co. in Tokyo. “There’s a good chance that Powell will take the opportunity to prime the market for what will come in Jackson Hole.”

Investors are also looking forward to the annual central bank meeting, hoping for updates on Fed policy and whether the strong July employment report will push bond tapering forward.

If the Economy is Threatened by Lockdowns, Australia’s Central Bank is Prepared to Respond

Australia’s government extended the region’s lockdown, which was due to end on Thursday. The Reserve Bank of Australia (RBA) said it would be “prepared to act” should Australia’s current COVID-19 crisis deepen.

Governor Philip Lowe has maintained his optimism for Australia’s economic recovery, but the nation’s economic future has been clouded by the growing Delta variation crisis.

AS the Delta variation spreads, pressure on the Reserve Bank of Australia (RBA) to delay or perhaps lessen a scheduled tapering of its bond-buying program grows.

Officials try to halt the spread of the Delta version and Melbourne has been placed under curfew. Two-thirds of the country’s 25 million people are effectively shut out, and whole retail and service industries have shut down.

“Right now, we are in the middle of the highest number of cases that I hope we experience,” ACT Chief Minister Andrew Barr said on Tuesday.

Economists have lowered their economic forecasts in response, making the RBA’s recent promise of 4% growth for this year more unrealistic.

“Lockdowns are likely to have a very acute impact on the economy, much more than what the RBA had penciled in only a week ago,” said National Australia Bank economist Tapas Strickland.

By the conclusion of the year, the RBA predicted a 5% unemployment rate.

Learn more about us
Tags: FEDJerome PowellRBA
TweetShareShareSend
Previous Post

Brent Reversed From The Major Trend

Next Post

Wednesday, August 18, 2021 Headlines

Related Posts

The Reserve Bank of Australia increased its policy rate by 50 basis points
DAILY UPDATES

The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points

Yellen meets with Chinese Vice Premier
DAILY UPDATES

Yellen Meets With Chinese Vice Premier

Recession Warning From Bank of America
DAILY UPDATES

Recession Warning From Bank of America

Inflation in Switzerland at a 29-Year High
DAILY UPDATES

Inflation in Switzerland at a 29-Year High

Oil prices rise
DAILY UPDATES

Recession and Supply Concerns on Oil

Inflation in France
DAILY UPDATES

Inflation Hits Record in France

Next Post
Monday, June 14, 2021 Headlines

Wednesday, August 18, 2021 Headlines

You might also like

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

FTD Limited offers Introducing Brokers Program

Introducing Brokers

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

Recent Posts

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America
  • Inflation in Switzerland at a 29-Year High
  • Recession and Supply Concerns on Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.