Fed Kaplan News Today : Breaking News, Live Updates & Top Stories | Vimarsana
US open Wall Street set to rebound PMIs up next
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Key Events This Week: Retail Sales, Powell Speaks, Fed Chatter
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6/3/2021 7:09:04 AM GMT
Markets
“Looking forward, contacts anticipate facing cost increases and charging higher prices in coming months”. The Fed’s latest Beige Book delivered the expected/feared for anecdotical evidence that the current increase in prices could at least partly become structural. The preparatory document for the upcoming June 16 FOMC meeting also noted that the national economy expanded at a moderate pace from early April to late May, which was a slight acceleration compared to the previous period. The document is also filled with stories from companies willing to hire, but failing to attract personnel.
Developments prompted Philly Fed Harker (see below) to join the chorus of FOMC voices speaking out in favor of starting the QE tapering debate in the coming week (ie June FOMC meeting). While it obviously takes some time and thought to start winding down asset purchases running at a monthly $120bn pace and piling on to a $8tn balance sheet, it’s more strai
Claims fall to new pandemic low, déjà vu with Kaplan, BOE slows bond buying pace, Tesla fizzles, bitcoin rallies
May 6, 2021SharePrint
Figuring out today’s market moves has not been an easy job. US stocks initially traded lower after jobless claims fell to a new pandemic low, while continuing claims rose slightly. It seemed everyone was content to wait until tomorrow’s NFP report but then the Fed’s Kaplan triggered a reversal with real yields. Financial markets went through déjà vu all over again with Fed Kaplan’s taper chatter. Last week, Kaplan’s comment that it is appropriate to start talking about adjusting purchases helped send Treasury yields higher. Before markets heard from Kaplan, the yield curve was flattening, and the dollar was weakening as commodities continued to rock-and-roll. After Kaplan, a non-voter until 2023 said he wanted to see taper talks start sooner than later, Treasury yields reversed higher. Kaplan noted that the Fed will hit t