Rand rockets to best level since mid-2019 news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
officials affirmed their support to keep monetary policy
accommodative for some time, dampening recent expectations the
Fed would reduce bond purchases or flag rate hikes sooner than
what it has indicated to the market. The U.S. yield curve flattened for a second straight session
on Monday, reflecting the Fed’s dovish stance. The spread
between U.S. 2-year and 10-year yields slid to 145.20 basis
points.
James Bullard, and Atlanta Fed President Raphael Bostic in
separate remarks all backed the U.S. central bank’s current easy
monetary policy view.
and expects that spikes in prices associated with supply
bottlenecks and the reopening of the economy to “subside over
Data: Investing.com; Chart: Axios VisualsThe latest forecast from the National Association for Business Economics (NABE) released today shows its members largely agree with Atlanta Fed President Raphael Bostic and the U.S. Fed that inflation will moderate even as growth picks up through the rest of the year.The headline numbers: NABE raised its forecast for U.S. GDP this year to increase by 6.5% in 2021 including 8.5% growth in the second quarter.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeIn the survey, 56% of respondents say the risks for economic growth are to the upside, meaning that the economy outpaces expectations, while just 15% say risks are to the downside.In the group's last survey in March, panelists had expected GDP to rise by 5.2%.On jobs: NABE's survey respondents also expect employment gains in 2021 and 2022 to be greater than anticipated in the previous survey.56% of survey respondents anticipate nonfarm
Fed s focus on racial justice is political advocacy, GOP senator says americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.