Dollar dips but shows biggest weekly gain in almost 3 months

LONDON/NEW YORK (Reuters) – The U.S. dollar lost a little ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its biggest weekly gain in almost three months after a surprisingly strong U.S. inflation print on Wednesday prompted investors to advance their bets for a U.S rate […]


Fed rolls out bond-buying 'taper,' holds to 'transitory' inflation belief

WASHINGTON (Reuters) – The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove “transitory” and likely not require a fast rise in interest rates.Slideshow ( 2 images )However, the U.S. central bank […]


Fed's bond-buying timeline: roaring entry, boring exit?

(Reuters) – It is hardly a secret by now that the Federal Reserve is going to reduce its support for the U.S. economy soon: starting this month it will likely begin to pare its monthly asset purchases by $15 billion each month until ending them by mid-2022.FILE PHOTO: Federal Reserve Board building is pictured in […]


Fed's Daly says equity is path to faster U.S. growth

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday intensified her call for a concerted effort to address racial and other inequalities as a way to boost the […]


Two Fed policymakers say bar for taper met, nod to next debates

(Reuters) -A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big debates for the central bank: when to raise interest rates and what to do with the […]


Fed likely to open bond-buying 'taper' door, but hedge on outlook

WASHINGTON (Reuters) – The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook.FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during a U.S. House […]


Dollar rebound holds as yields steady ahead of jobs data

NEW YORK (Reuters) – The dollar held gains on Wednesday after a quick recovery from an earlier fall as markets chose to focus on a suggestion from a top U.S. Federal Reserve official that the central bank may reduce support for the improving economy more quickly than widely thought.FILE PHOTO: A U.S. dollar banknote is […]


Fed's Daly: Appropriate to consider tapering later this year

FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo(Reuters) -Federal Reserve Bank of San Francisco President Mary Daly said the U.S. central bank may be able to start reducing “a little bit” of its extraordinary support for the U.S. economy by the end of this year. “The […]


Central banks running out of options as recovery falters in Asia

MANILA (BLOOMBERG) – Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand out economic recovery. With interest rates already low, the likely policy response will center on more government borrowing, relegating central banks to […]


MAS and Bank Indonesia extend US$10 billion bilateral financial arrangement

SINGAPORE (THE BUSINESS TIMES) – The central banks of Singapore and Indonesia have extended their US$10 billion (S$13.6 billion) bilateral financial arrangement for another year. The Monetary Authority of Singapore (MAS) and Bank Indonesia said in a joint statement on Thursday (Nov 5) that the extension has been endorsed by Indonesian President Joko Widodo and […]