Gold Futures Settle Sharply Lower Ahead Of Fed Policy Announcement

Gold futures settled notably lower on Wednesday, with traders awaiting the Federal Reserve’s monetary policy announcement. Data showing a sharp jump in private sector employment in the month of October weighed on gold prices. The Fed is widely expected to announce plans to begin gradually scaling back its $120 billion in monthly bond purchases by […]

Gold Futures Settle Notably Higher

Gold prices climbed higher on Monday as a slightly weak dollar, and somewhat sluggish U.S. stock market pushed up the demand for the safe-haven asset, ahead of the Federal Reserve’s monetary policy meeting. The Federal Reserve’s two-day policy meeting ends on Wednesday, with investors looking for clues on the timing of its first interest rate […]

Fed Minutes Indicate Tapering Of Asset Purchases Expected This Year

Most Federal Reserve officials at the central bank’s July monetary policy meeting believe it will be appropriate to begin tapering asset purchases this year, according to the minutes of the meeting released on Wednesday. The expectation of tapering the Fed’s asset purchases this year comes as most participants saw the “substantial further progress” criterion as […]

Gold Futures Settle At 2-week High

Gold prices moved higher on Monday and the most active gold futures contracts rose to a two-week high, as the yield on long term government bonds dropped a bit. However, the dollar’s uptick limited the bullion’s gains. Traders were looking ahead to the Federal Reserve’s monetary policy announcement due later in the week. The central […]

The Fed’s hand is being forced by the latest market tantrum — and some on Wall Street think the central bank will soon do more to address inflation

Wall Street is increasingly expecting the Fed to step in and cool the volatile Treasury market. Yields surged in recent weeks as investors bet on growth to exceed the Fed’s projections. If the chaos continues without Fed action, rising yields could prematurely lift borrowing costs. Visit the Business section of Insider for more stories. The […]

Yellen Cites Treasury-Fed Coordination in New Crisis Campaign

Treasury Secretary Janet Yellen highlighted the past coordination between her new department and her previous fiefdom, the Federal Reserve, as she sought to rally the agency’s staff in battling an array of crises besetting the nation. “Economics isn’t just something you find in a textbook,” she wrote in a memo to the 84,000 Treasury Department […]

Fed Minutes Point To Discussion About Weighting Asset Purchases Toward Longer Maturities

The minutes of the Federal Reserve’s latest monetary policy meeting showed there was some discussion about weighting the central bank’s purchases of Treasury securities toward longer maturities. A statement released after the mid-December meeting revealed the Fed plans to continue purchasing bonds at a rate of at least $120 billion per month until “substantial further […]

Republicans Will Keep Trying to Limit Fed’s Emergency Loan Power

LISTEN TO ARTICLE SHARE THIS ARTICLE A last-minute compromise that helped break a monthslong congressional impasse on Covid-19 relief may set up a political clash over how the Federal Reserve can respond to future crises. The disagreement between Democrats and Republicans centered on a bit of central banking arcana known as Section 13(3) of the […]

Senate Republicans May Not Extend the Federal Eviction Moratorium

In this article The clock is winding down on the the federal eviction moratorium enacted by the Centers for Disease Control and Prevention in September. With the order set to expire on Dec. 31, lawmakers agreed earlier this month to beef up tenant protections in the bipartisan package. That deal would provide $25 billion in emergency rental […]

Powell Wins a Place in Pantheon of Fed Chiefs Alongside Volcker

SHARE THIS ARTICLE Jerome Powell was a middle-ranking Treasury Department official in the early 1990s when he first encountered legendary central banker Paul Volcker. “I was frightened of even meeting him,” the Federal Reserve chair recalled last year. “I was just so intimidated by this global figure. And he couldn’t have been nicer.” Now, with […]