Page 2 - Monetary Support News Today

(Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to maintain aggressive U.S. economic support, even as faster vaccinations have brightened the outlook for recovery.The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of a two-day policy meeting Wednesday, and repeat a vow to keep buying bonds at the current $120 billion monthly pace. The panel will release a statement at 2 p.m. in Washington and Powell will hold a press briefing 30...

(Bloomberg) -- Australia’s central bank expects “very significant” monetary support will be needed for some time as it’ll take years to meet its inflation and unemployment goals, according to minutes of its February meeting, when the board extended a quantitative easing program.“The bond purchase program had helped to lower interest rates and had contributed to a lower exchange rate than otherwise,” the Reserve Bank said in the minutes released in Sydney...

In that period of time. thats very unusual. corrections used to come along every year or two. we havent had one of those in several years. people are agetting used to the idea that markets do go down as well as go up. the single most important driver of that bull market has been the willingness of the federal reserve and banks in other countries to keep at rock bottom levels and piling on bonds. central banks dont need to do that any longer, so people are grappling with the fact theyre losing th...