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U S dollar, stocks dip as Fed keeps taper timing close to chest

U.S. dollar, stocks dip as Fed keeps taper timing close to chest 07/28/2021 | 05:56pm EDT Send by mail : Message : Required fields NEW YORK (Reuters) - U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track. The Fed said after its latest policy meeting ended on Wednesday that the economy has been strengthening despite a rise in coronavirus infections, and that accelerating inflation remained the result of transitory factors. At a news conference, Fed Chairman Jerome Powell said it was not yet time to think about raising interest rates, and that while the Fed has begun discussing plans to taper its bond purchases, the exact timing will depend on incoming data.

Macro Roundup (Jul 29)_SMM | Shanghai Non ferrous Metals

Macro Roundup (Jul 29) CST Source:SMM The dollar eased on Wednesday after the US Federal Reserve said the economic recovery is on track despite a rise in Covid-19 infections in a policy statement that was upbeat but did not set a timeline for tapering Fed asset purchase. SHANGHAI, Jul 29 (SMM) This is a roundup of global macroeconomic news last night and what is expected today. The dollar eased on Wednesday after the US Federal Reserve said the economic recovery is on track despite a rise in Covid-19 infections in a policy statement that was upbeat but did not set a timeline for tapering Fed asset purchase.

America s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol

America s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
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