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WASHINGTON (Reuters) - The breakout of Bitcoin and meme stocks may have captured the headlines during the pandemic, but people still see buying a primary residence as a better and less nerve-racking investment than the stock market, according to a new survey by the Federal Reserve Bank of New York.
FILE PHOTO: Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson/File Photo
The survey of investment preferences was included as part of a broader housing survey that found both renters and homeowners expect prices will rise a bit faster this year than during the pandemic-scarred year that just ended.
By Reuters Staff
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WASHINGTON, April 5 (Reuters) - U.S. Treasury Secretary Janet Yellen said that a $650 billion increase in International Monetary Fund currency reserves will put significant resources into the hands of the world’s poorest countries facing the biggest pandemic needs.
Yellen told the Chicago Council on Global Affairs that many advanced economies which will get the biggest share of resources from the U.S.-backed Special Drawing Rights allocation have indicated a desire and willingness to loan or donate SDRs to poorer countries through IMF facilities.
Yellen also said that she doubted that Biden spending initiatives, including a $1.9 trillion relief package and a proposed $2 trillion infrastructure investment plan, would cause inflationary pressures because the true U.S. unemployment rate was still around 9% due to the coronavirus pandemic. (Reporting by David Lawder)
By Reuters Staff
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(Reuters) -The U.S. economic outlook is brightening, Cleveland Federal Reserve Bank President Loretta Mester said on Monday, adding that the Federal Reserve should stick to its easy monetary policy to help support growth further.
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, U.S., January 3, 2020. REUTERS/ Ann Saphir
“I’m thinking that we’ll see a very strong second half of the year, but we are still far from our policy goals,” Mester said in an interview on CNBC, referring to the Fed’s goals of full employment and 2% inflation.
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Question of the Day By CHRISTOPHER SPATA and Tampa Bay Times - Associated Press - Sunday, April 4, 2021
TAMPA, Fla. (AP) - Theo, 3, isn’t really into the lake smelt being served for breakfast, so he flips his head back and spits the little fish at the woman in therubber boots.
“He’s so dramatic about it,” says Michelle Uhlig.
The palm-sized Peruvian smelt, however, he devours in a gulp.
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Theo’s roommate Josh, who is around 10 and is also a rescue pelican who can no longer fly, is a bit more polite, eating whatever comes his way.
By Reuters Staff
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BEIJING (Reuters) - Stimulus measures implemented by the Federal Reserve over the past year and future policy changes that the U.S. central bank has signalled will have limited impact on China’s financial markets, a Chinese central bank official said on Thursday.
FILE PHOTO: The Chinese national flag flies at half-mast at the headquarters of the People s Bank of China, the central bank (PBOC), as China holds a national mourning for those who died of the coronavirus disease (COVID-19), on the Qingming tomb-sweeping festival in Beijing, China April 4, 2020. REUTERS/Carlos Garcia Rawlins
“The positive effect of China’s normal monetary policy stance is emerging,” Sun Guofeng, head of the People’s Bank of China’s (PBOC) monetary policy department, told a briefing. He said that policy was returned to normal after the COVID-19 epidemic in China was brought under control in May.