The United States Federal Reserve is expected to begin cutting on emergency support for the US economy in mid-December at the latest, if not even in mid-November, according to the minutes from September's meeting released this week.Add your comment!
The United States Federal Reserve could begin withdrawing economic stimuli sometime in the next four months and advances of such a program could be anticipated this week at the Jackson Hole central bankers meeting 26/27 August.
The United States Federal Reserve kept interest rates unchanged, close to zero, despite an inflation spike during June when it soared to an annual 5,4%, its highest in thirteen years.
With U.S. Federal Reserve officials including Chair Jerome Powell reaffirming that tighter monetary policy was still some way off, the US dollar slipped against major peers on Wednesday.
The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation.
By an overwhelming majority, the United States Senate voted on Monday to confirm Janet Yellen as the 78th Secretary of the Treasury. Yellen, 74, is the first woman to hold the position in the Treasury’s 231-year history, and only the second person to ever have served as both Federal Reserve chair and Treasury Secretary.
The Federal Reserve concluded its final meeting of a tumultuous year on Wednesday, as policymakers weigh a mixed bag of economic signals in setting the central bank’s course for the new year and beyond.
Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team.
The US economy will grow on the order of 20% in the third and fourth quarters, a top White House economic adviser predicted on Sunday, despite reopening setbacks linked to a coronavirus resurgence.