Mr. Williams, the president of the New York Fed, said the widening gap between rich and poor was putting the US economy at risk and making another rate cut in December a complex "balancing act". He called it "perfectly reasonable" to let the balance sheet continue until the end of November. Click to view
On October 28th, according to Bloomberg's end point news, Barclays expects the Federal Reserve to cut interest rates by 0.25% this week, but there may be differences among Federal Reserve officials. Miran may advocate further rate cuts, while others may prefer to keep interest rates unchanged. In addition, the Federal Reserve may also signal that it will end its balance sheet reduction program by December.
Trump reiterated his astonishing promise: to reduce drug prices by 1,500%! Copper and potash will be included in the list of key US minerals, Federal Reserve Logan said there is still room to shrink its balance sheet, and Intel warned that government holdings pose risks. What major events happened around the world last night and this morning?
The Fed still has a long way to go in shrinking its balance sheet, which will not affect market prices, said Mr. Williams. The dollar remains the world's reserve currency.
Federal Reserve Chairperson Jerome Powell: Slowing down balance sheet reduction means it will happen at a slower pace, but for longer.
1. The central bank's "balance sheet reduction" does not hinder the moderate easing of monetary policy. 2. Hong Kong Monetary Authority: The Ministry of Finance will issue 12.50 billion RMB government bonds in Hong Kong. 3. The cost of capital continues to decline, and the financing demand for securities companies to issue bonds continues to cool. 4. The proportion of bonds issued by private real estate enterprises increased in January, and the financing support policy continued to be implemente...
Federal Reserve Chairperson Jerome Powell said that the balance sheet is still shrinking and liquidity is still abundant; it will pay attention to the situation in the reserve market, and when market conditions slightly exceed'sufficient ', the Federal Reserve will try to stop the shrinkage of the balance sheet.
According to the New York Times, the U.S. Securities and Exchange Commission (SEC) has taken steps to scale back its enforcement efforts in the cryptocurrency space.
On January 30, Federal Reserve Chairperson Jerome Powell hinted at a press conference that the Federal Reserve still has room to operate in reducing the size of its balance sheet. He said that reserves in the banking system are still "abundant" and the Federal Reserve still has solid control over the federal funds rate. As for when the Fed should stop shrinking its balance sheet, Powell said: "I have nothing to say about a specific date."
On December 25th, today, the central bank continued to do 300 billion yuan MLF, win the bidding interest rate to maintain 2%, compared with the maturity of 1.45 trillion yuan, a significant reduction of 1.15 trillion yuan. Wang Qing, chief macro analyst at Oriental Jincheng, pointed out that the reduction operation is related to the early release of medium-term liquidity by the central bank in November and the recent easing of funds. Wang Qing expects that the RRR cut is still possible before th...