Page 60 - Fomc News Today

The FOMC will likely take the opportunity to profess its reliance on data to decide liftoff and reiterate the threshold for a rate hike remains higher than for taper.

A lighter, $5 billion calendar, heavy on healthcare, kicks off November. Most participants agree volatility in U.S. Treasuries will be a leading factor for municipal market performance. Uncertainty in Washington also isn't helping the asset class.

ICI reported the lowest inflows since outflows in March, while exchanged-traded funds saw an uptick.

Jeffrey Cleveland, chief economist at Payden & Rygel, discusses the Federal Reserve’s upcoming meeting, inflation, what taper will mean, when the Fed might decide to lift off, and possible leadership changes. Gary Siegel hosts. (30 minutes)

Despite a short-end U.S. Treasury rally, municipals face pressure on the one- and two-year as participants look to month-end positioning.

Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.

Another round of inflows was reported from the Investment Company Institute — the 31st consecutive week — but they came in at $308 million for the week ending Oct. 6, the lowest since outflows in March.

Federal Reserve Vice Chair Richard Clarida traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair Jerome Powell issued a statement flagging possible policy action as the pandemic worsened, his 2020 financial disclosures show.

(22：16 更新內文)美國財政部長葉倫 (Janet Yellen) 將出席全美商業經濟協會年會，預料談及美國債務上限問題，加上FOMC利率決策會議明確點出縮減購債行動將要討論，以及升息將落在2022年底的看法，FOMC票委比重各占

【光大证券：美债收益率大概率延续上行态势 美元走强】四季度，在美国货币环境趋紧、经济复苏动能保持韧性的背景下，美债收益率大概率延续上行态势，美元走强。