Daly told the journal she continued to expect the U.S. economy to pick up speed over the second half of the year as vaccinations against COVID-19 roll out and allow the economy to recover from the pandemic. But she added that it won t yet be time for the central bank.
Why the Reserve Bank is pulling back on its QE bond buying
25 Jan, 2021 04:26 AM
4 minutes to read
Westpac expects that the central bank will gradually taper the pace of Government bond purchases to around $500m by the end of the year
Westpac expects that the central bank will gradually taper the pace of Government bond purchases to around $500m by the end of the year
The Reserve Bank s bond-buying programme has become a shadow of its former self. The programme, also known as quantitative easing, peaked in early April at $1.8 billion a week when the extent of the Covid-19 pandemic was starting to be understood, then dropped back to $700 million a week in August.
Provided by Dow Jones
By James Willhite Here s what we re watching ahead of Friday s opening bell. U.S. stock futures edged lower as some investors grew concerned that President-elect Joe Biden s $1.9 trillion Covid-19 relief plan could lead to higher taxes. Futures tied to the S&P 500 fell 0.4%, putting the benchmark on course to decline for a second day. Contracts tied to the Nasdaq-100 edged less than 0.2% lower and those linked to the Dow Jones Industrial Average slipped 0.4%. Read our full market wrap here. What s Coming Up Corporate earnings season kicks into high gear with updates due before the bell from Citigroup and Wells Fargo.