Mid-Day Market Update: Crude Oil Down Over 1%; FibroGen Shares Plummet benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
By Syndicated Content
Apr 7, 2021 1:01 PM
(Reuters) - The size of the U.S. central bank s balance sheet, now more than $7 trillion, is far from hitting any limits, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday, noting that there are really only two constraints on its ultimate size. One is we can t be the only maker in the market, because then we start actually influencing things in a way we don t want to, Daly said at an event put on by the University of Nevada, Reno. And the second is the optics of the balance sheet, as people like to call them, the tolerance for people thinking that we are not actually influencing the market pricing across the board because we are too large.but neither of those things right now is binding us.
Mid-Morning Market Update: Markets Mostly Higher; RPM Earnings Beat Views benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Wall Street Set To Start Low
WASHINGTON (dpa-AFX) - A slew of Fed speeches and FOMC minutes of its latest monetary policy meeting might be the highlights on Wednesday.
Asian shares finished broadly up, while European shares are trading mostly down.
The U.S. Futures Index point to lower open for Wall Street.
Fear of an increase in COVID-19 infection is buoyant in several countries, while half of U.S. adults received the first dose of vaccine.
As of 8.05 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were at 0.00 points and the Nasdaq 100 futures were sliding 3.25 points.
Economic Data Scheduled For Wednesday benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.