Save Money And Money Will Save You
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
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
The interest rate on United States overnight repurchase agreements ticked higher early Tuesday in advance of two operations to be conducted by the New York Federal Reserve which may add up to $105 billion in temporary cash in the U.S. banking system.
Read moreUnited States Repo Rate Rises Ahead of Fed Operations
On Wednesday the Federal Reserve’s policy twist might seem just what the White House ordered, with a hold put on what US President Donald Trump termed “loco” interest rate hikes, and an openness to ending the monthly runoff of up to $50 billion from the U.S. central bank’s balance sheet.
Read moreFed Policy Turn Not Good News For Donald Trump as Risks mount
Yuan of China will breach the 7 per dollar rate within the next six months, according to about 60 percent of FX strategists, who also said authorities would continue to exert control over the currency in 2019.
Read moreChinese Yuan to Crack 7 Per Dollar in Six Months on Weak Growth Outlook