Latest Breaking News On - ஹரி கிஷன் - Page 1 : comparemela.com
Dollar adrift, but volatility to drive FX markets in short run: Reuters poll
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Fed to shutter pandemic support asset purchases by end-2022 | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Article content
The July 12-15 poll of over 100 economists showed the U.S. economy would grow at a healthy pace and also that elevated inflation would prevail longer than previously expected.
Last month, a majority of economists had predicted the Fed would announce a taper plan to its $120 billion monthly asset purchases sometime this year, with the withdrawal to start early next year.
All but two of 41 economists who answered an additional question said the Fed will have completely stopped its pandemic support bond buys by end-2022.
That included three economists who expected a complete withdrawal by the end of this year.
By Syndicated Content
By Indradip Ghosh and Shrutee Sarkar
BENGALURU (Reuters) â The Federal Reserve will shutter its asset purchases programme by end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk.
However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support was a long way off, with 7.5 million jobs still missing from before the pandemic.
Following his testimony, where he also concluded that high inflation would be transitory, the U.S. 10-year yield and the greenback declined, while stocks rose.
Biden to reappoint Jerome Powell as Fed chair, say economists - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.