Federal Reserve set to look beyond possible post-pandemic inflation shock Howard Schneider Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Between the closed theatres and restaurants, the prices slashed by airlines and half-empty hotels, and the government benefits paid or in the pipeline, Americans may have as much as $2 trillion in extra cash socked away by this spring.
For the Federal Reserve, that is both blessing and curse: fuel for the economic recovery once coronavirus vaccines take hold and people can travel and shop freely, but also the possible spark for a surge in prices that policy-makers already are bracing to explain.
Emerging markets gripped by greed now turn to Federal Reserve for fresh spur
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New York : In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday.AP/PTI(AP01 23 2021 000002B)
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. Updated: 24 Jan 2021, 08:58 PM IST Bloomberg
With Friday’s declines delivering a week-ending jolt to the bulls, some of the warning signs took on a more worrying look
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Traders are likely putting their trust in the Federal Reserve to provide the next spur to an emerging-market rally that may be showing signs of fatigue.
Investors once again stormed into stocks last week with inflows in the last three months soaring to a record $255 billion, BofA's weekly flow data showed on Friday, prompting investors to warn about a looming correction.
Investors once again stormed into stocks last week with inflows in the last three months soaring to a record $255 billion, BofA's weekly flow data showed on Friday, prompting investors to warn about a looming correction.