Page 29 - Cornerstone Macro News Today

Federal Reserve Chair Jerome Powell said "now is not the time" to be discussing an exit from ultra-easy monetary policy and promised to give plenty of notice before the US central bank would begin to debate scaling back its massive bond-buying campaign.

Despite optimism over vaccines and the likelihood of more fiscal stimulus under the incoming Biden administration, the Federal Reserve is sticking with its super-easy monetary policy, policymakers made clear on Wednesday.

Institutional Investor. The latter, most recently by everyone interviewed for this article. After a total of 40 years as the No. 1 analyst in economics on the All-America Research Team, another four in second place, and a single appearance as a runner-up, you might wonder when enough will be enough for Ed Hyman, who is now 75. I was tasked with finding out how much longer he plans to stay in the game. That would be a great scoop. Might he be architecting a graceful exit sometime soon?  The ans...

The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve.

The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which slashed output during the pandemic — can revive another 500,000 barrels a day of idle capacity in February, on top of an increase scheduled for this month. Riyadh, which has favored greater caution, is keeping its own views under wraps. “The outlook fo...

As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.

Last month, OPEC+ talks ran into a five-day stalemate as Saudi Arabia and the United Arab Emirates - for years allies in both political and energy spheres - disagreed over how quickly to revive idled barrels.


As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.

Article content WASHINGTON — The Federal Reserve on Wednesday will offer its first glimpse of how a coronavirus vaccine has changed the U.S. economic outlook, and whether businesses, workers and families need more help from the central bank until inoculations and immunity are widespread. The conclusion of the Fed’s last policy meeting of 2020 will cap a tumultuous year in which it slashed interest rates, ramped up bond purchases and took other extraordinary measures to stem the economic car...