NewsBreak: Fed’s Clarida Says Fed Taking Things ‘Meeting by Meeting’

© Reuters.  © Reuters.

Investing.com — The Federal Reserve “isn’t on a preset course” and will be “taking things meeting by meeting”, vice-chairman Richard Clarida told CNBC Friday. Clarida also indicated that the Fed will soon take action to address the liquidity shortages that have plagued funding markets this week, but would not restart outright purchases of bonds, a program known as quantitative easing.

Key Quotes:

  • “We’re gonna take this meeting by meeting. We’re not on a preset course.”
  • Global economy has been “getting worse over the course of the year.”
  • “I can’t think of a time” when the U.S. consumer was in better shape.
  • Yield curve inversion partly caused by foreign inflows seeking higher rates.
  • Fed “still learning” about an economy operating at full employment.
  • Repeats Powell’s assurances that negative rates aren’t on the table.
  • at 98.187, up 0.4% on the day.
  • at 1.77% vs 1.79% immediately before comments.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Let’s block ads! (Why?)

    Forex News

    NewsBreak: Trump Rages as ECB Restarts QE, Cuts Rates

    © Reuters.  © Reuters.

    Investing.com — President Donald Trump raged again at the Federal Reserve Thursday after the European Central Bank cut its key interest rate further into negative territory and announced it would restart quantitative easing from November.

    • “They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports…. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!” Trump said via Twitter.
    • ECB cut its deposit rate by 10 basis points to -0.5%;
    • ECB will resume quantitative easing on an open-ended basis at a rate of 20 billion euros a month from November
    • EUR/USD at $ 1.0969 vs $ 1.1023 immediately before the QE announcement.
    • ECB President Mario Draghi’s press conference to start at 8:30 AM ET. Follow it live at investing.com.
    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Let’s block ads! (Why?)

    Forex News

    NewsBreak – Scottish High Court Rules U.K. Prorogation Unlawful

    © Reuters.  © Reuters.

    Investing.com – Three judges on the Scottish High Court ruled that U.K. Prime Minister’s Boris Johnson’s decision to suspend parliament is unlawful. An appeal is expected to be heard in the Supreme Court on Tuesday.

    • rose 0.1% to 1.2356 as of 5:23 AM ET (9:23 GMT).

    • fell 0.2% to 0.8921.

    • The yield rose 5.5% to 0.674.

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Let’s block ads! (Why?)

    Forex News