News list for "reserve"
The change in US Treasury leadership could change the department's attitude towards cash held at the Federal Reserve, with strategists warning that the move could affect the US bond market. Bank of America and Wrightson ICAP LLC, among others, said the Treasury could reduce the amount of money held in Fed accounts as the cash balance - the cushion that ensures the US can pay its bills - shrinks. This would allow the government to issue fewer short-term bonds and further...
On January 24th, Trump told the World Economic Forum in Davos, Switzerland on Thursday: "As oil prices fall, I will demand an immediate rate cut, and likewise, the whole world should cut rates." Five days later, the Federal Reserve will hold Trump's first policy meeting since taking office on January 28-29, and it is widely expected that the Fed will keep interest rates unchanged at this meeting. Trump has widely criticized the Fed for raising interest rates in the first two years of his first t...
President Trump: The Federal Reserve is expected to listen to my views on interest rates, and I will consider communicating with Federal Reserve Chairperson Jerome Powell on interest rates.
The US EIA strategic petroleum reserve stocks 249,000 barrels in the week to January 17, and the previous value was 500,000 barrels.
EIA report: January 17 week the United States except for the strategic reserve of commercial crude oil imports 6.745 million barrels/day, an increase of 621,000 barrels/day over the previous week.
EIA report: Commercial crude oil inventories excluding strategic reserves fell 1.017 million barrels to 412 million barrels, a decrease of 0.25%.
The US EIA strategic petroleum reserve inventories for the week ending January 17 were the highest since the week ending November 4, 2022.
"Using our energy reserves will make America the world capital of AI and cryptocurrency," Mr. Trump said.
Although the Federal Reserve's monetary policy statement may not change much, Powell's press conference will set the tone for the coming months
Coinbase on Friday endorsed the idea of a U.S. strategic reserve of bitcoin as part of a blog post by its CEO Brian Armstrong on "economic freedom." "Economic growth comes from free market capitalism, deregulation, small government and technological innovation," he wrote. "If the rest of the G20 wants to participate in economic prosperity, join in embracing economic freedom and free markets...
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
The Philadelphia Federal Reserve Manufacturing Index in January was 44.3, with expectations of -5. The previous value was revised from -16.4 to -10.9.
Mr. Waller said that this week's CPI data was very good and that if more such data were available, the Fed could cut rates in the first half of the year, arguing that a cut in March could not be ruled out. If inflation falls, the Fed could cut rates more aggressively than market expectations.
Barclays is now predicting that the Fed's quantitative tightening will end in September rather than March, citing the absence of any mention of balance sheet reduction in meeting notes issued last month. The Fed's decision to halt balance sheet reduction is likely to depend more on the ratio of reserves to bank assets than on a specific date, Barclays strategist Joseph Abate wrote in a note. Barclays assumes the Fed wants to reduce reserves to about 12 per cent of assets, a threshold that could ...
US economic activity grew at a "moderate to moderate" pace in late November and December, driven by strong holiday sales, the Federal Reserve said in its Beige Book survey of regional business contacts. Employment overall edged up, with half of the 12 Fed jurisdictions reporting hiring increases, the report showed.
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