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The pressure on the Fed to pick up the pace of tightening is only mounting: Mike Loewengart of E*Trade Financial.

Depreciation fuels inflation in Turkey’s market economy, which depends heavily on imports - Click the link for more details.

(Bloomberg) -- Stocks climbed to a record after the Federal Reserve signaled monetary policy will remain accommodative even as the central bank starts reducing its massive bond-buying program this month. In a feat not seen since January 2018, the S&P 500, the Dow Jones Industrial Average, the Nasdaq 100 and the Russell 2000 closed at their all-time highs for a second straight day. The Treasury curve steepened after Fed Chair Jerome Powell sought to stress that tapering doesn’t mean rate hikes are coming soon. He said officials can be patient on tightening, but won’t flinch from action if w...

(Bloomberg) -- Stocks rose after the Federal Reserve’s tapering plan matched investor expectations. The Treasury curve steepened, suggesting that the market is not entirely confident that the central bank has a tight enough rein on inflation. The Fed said it will begin winding down its monthly asset purchases later in November at a pace of $15 billion per month, starting the withdrawal of last year’s pandemic support, while expressing less certainty that the jump in consumer prices will prove temporary. “It’s been pretty clear that tapering was imminent, and though it was widely commun...

(Bloomberg) -- Stocks climbed to a record after the Federal Reserve signaled monetary policy will remain accommodative even as the central bank starts reducing its massive bond-buying program this month. In a feat not seen since January 2018, the S&P 500, the Dow Jones Industrial Average, the Nasdaq 100 and the Russell 2000 rallied to their all-time highs in sync for a second straight day. The Treasury curve steepened after Fed Chair Jerome Powell sought to stress that tapering doesn’t mean rate hikes are coming soon. He said officials can be patient on tightening, but won’t flinch from ac...