2021-04-07 23:05:45 GMT2021-04-08 07:05:45(Beijing Time) Xinhua English
WASHINGTON, April 7 (Xinhua) U.S. Federal Reserve officials last month indicated that it would take some time before the Fed starts tapering its asset purchases, according to the minutes of the Fed s recent policy meeting released Wednesday. The Federal Reserve s asset purchases since last March had materially eased financial conditions and were providing substantial support to the economy, the Fed said in the minutes of its March 16-17 meeting. Participants noted that it would likely be some time until substantial further progress toward the Committee s maximum-employment and price-stability goals would be realized . asset purchases would continue at least at the current pace until then, the minutes said, referring to the Fed s policy-making committee.
US Fed officials see some time before tapering asset purchases
By IANS |
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US monetary policy to be accommodative for long time: Fed official. Image Source: IANS News
Washington, April 8 : US Federal Reserve officials last month indicated that it would take some time before the Fed starts tapering its asset purchases, according to the minutes of the Fed s recent policy meeting released. The Federal Reserve s asset purchases since last March had materially eased financial conditions and were providing substantial support to the economy, the Fed said in the minutes of its March 16-17 meeting released on Wednesday, Xinhua news agency reported.
forecasts
U.S. Labor Market Is Recovering. Will Gold Too?The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle.
3 hours ago (Apr 08, 2021 03:28 PM GMT)
The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle.
As the chart below shows,
in March 2021, total
rose by 916,000 , following gains of 468,000 in February (after an upward revision). The latest gains were the largest since August 2020. It’s important to note here that job growth was widespread, although led by gains in leisure, hospitality, education, and construction.
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By Reuters Staff
1 Min Read
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo
(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said he is optimistic and confident in his forecast for stronger growth this year, but said that the Fed will need to see actual progress toward its goals, not just improved forecasts, before reducing its massive bond buying program.
“We are going to have to go months and months into the higher inflation experience before I’m going to even have an opinion on whether or not this is sustainable or not, and that’s going to be uncomfortable,” Evans said, noting he expects prices to rise in coming months. “We really have to be patient and be willing to be bolder than most conservative central bankers would choose to be if we are going to actually get inflati