Fed Signals Bond-Buying Taper Coming Soon
The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."
Fed’s Powell Orders Review of Ethics Rules
The move follows the disclosure that Dallas Fed President Robert Kaplan made multiple trades worth $1 million or more last year in individual stocks.
Progressives Urge Biden to Replace Fed Chief
A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."
Powell Remains Cautious on Stimulus ‘Tapering’
The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
Fed Announces Capital Buffers for Big Banks
Based on the latest stress test results, Goldman Sachs is required to have the largest buffer against losses, followed by Morgan Stanley.
Banks Ease C&I, Residential Lending Standards
The easing reflected "a more favorable or less uncertain economic outlook" and heightened competition.
IMF Says Price Pressures Could Be ‘More Persistent’
"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.
Bond Market Pricing in at Least One Interest Rate Hike in 2022
The bond market is currently pricing in a 56.8% chance of a rate hike by December 2022.
Labor Shortages Weighed on CFOs in Q2
More than a third of firms expect worker shortages will reduce revenue potential this year, according to The CFO Survey.
Industrial Production Hit By Chip Supply Crunch
Total production rose 0.4% in June but factory output dipped 0.1% amid supply chain constraints, particularly in the auto sector.
U.S. Consumer Prices Increase 5.4% in June
"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."