Despite potential ground news about the coronavirus vaccine, the economy is still in danger and in need of help, San Francisco Federal Reserve President Mary Daly said Tuesday. A central bank official told CNBC that Fed officials continue to discuss what they can do to help, and that negotiations have …
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U.S. Federal Reserve Chairman Jerome Powell’s scheduled visit to the U.S. on Tuesday outlined data on the economic outlook and trade deficit. There was a slight change in stock futures. Futures linked to the S&P 500 became a wave between small gains and losses. Nasdaq-100 contracts fell 0.2%. Both indices …
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European stocks fell on Friday morning as investors defended a major policy change by the US Federal Reserve and news that Japanese Prime Minister Shinzo Abe is resigning due to health concerns. The pan-European Stoxx 600 dropped 0.17% mid-morning, with most sectors trading in the red. However, bank shares rose …
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U.S. government debt prices slid lower Friday, when markets responded to Federal Reserve Chairman Jerome Powell’s announcement of a major policy shift when it comes to inflation. The yield on the benchmark 10-year Treasury note rose to 0.7638%, while the yield on the 30-year Treasury bond peaked higher to 1.5369. …
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The US Federal Reserve will have to deal with a delicate balancing act if it opts for a more relaxed view of inflation, according to a former Federal Reserve governor. It comes as market participants look ahead to the final meeting minutes of the Fed, amid intense speculation the central …
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