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On Friday the price of United States corporate debt fell as investors bet that credit conditions could deteriorate if key pandemic lending programs at the Federal Reserve are allowed to expire on December 31.
Read moreInvestors bet on credit deterioration on Treasury-Fed reserve divide
Euro zone inflation will remain negative for the rest of the 2020, European Central Bank Vice President Luis de Guindos said today, just after fresh data showed price growth hitting a more than four year low.
Read moreEuro zone inflation will remain negative this year: European Central Bank’s de Guindos
The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the Covid-19 outbreak is fuelling excesses across United States capital markets. The U.S. central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion today.
Read moreFed Reserve’s $3 trillion coronavirus rescue inflates market bubbles
The Swiss National Bank renewed its commitment to an ultra-expansive monetary policy today, saying its unconventional measures will help Switzerland deal with its sharpest recession in decades.
Read moreSwiss National Bank says expansive policy needed to tackle covid-19 downturn
The Federal Reserve, which has pumped trillions in emergency funding into United States financial markets to stem the damage from the Covid-19 pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world’s largest economy.
Read moreFed Reserve likely to renew vow to use all tools to brace economy
On Wednesday South Korea will announce measures on to ease U.S. dollar funding shortages in its local market, two government officials familiar with the matter told news agency. The measures will aim to address heightened funding stress involved with the rising cost of raising U.S. dollar funds in Korean financial markets, officials said on Tuesday, without elaborating.
Read moreSouth Korea to Announce Measures to Ease United States Dollar Funding Shortage
The Federal Reserve’s efforts to boost reserves in the banking system helped to calm markets and make the much anticipated year-end period a non-event, and officials are still debating the details of a potential standing repo facility, a top Fed official said on Wednesday.
Read moreFederal Reserve’s Harker Says Officials Learned Lessons From Repo Turmoil