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Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings

Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings
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Fed officials say U S economy still in depths of recession, more relief needed

Fed officials say U.S. economy still in depths of recession, more relief needed By Jonnelle Marte FILE PHOTO: The Federal Reserve building is pictured in Washington, DC (Reuters) – The U.S. economy is still deep in a recession and more fiscal relief will be needed to reach a full recovery and help some of the unemployed find jobs, two Federal Reserve policymakers said on Monday. “We’re still in the depths of a recession,” Boston Fed Bank President Eric Rosengren said during a virtual discussion about uneven outcomes in the labor market. “I hope over the course of the spring we’re really talking about a significant recovery.”

Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook

3 Things Bitcoin Traders Should Watch in FOMC s First Meeting of 2021

Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal Open Market Committee’s first meeting of 2021. The flagship cryptocurrency dropped to an intraday low of $30,818, down about 5.5 percent from its opening rate. The appetite for riskier safe-havens weakened against a stronger US dollar and rising US 10-year Treasury note yields, causing declines in Bitcoin and gold markets. Bitcoin forms a 50-200 death cross on its 4H chart ahead of the FOMC meeting. Source: BTCUSD on TradingView.com Bitcoin forms a 50-200 death cross on its 4H chart ahead of the FOMC meeting. Source: BTCUSD on TradingView.com

Fed policymakers push back on QE taper talk

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.

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