Wednesday, May 12, 2021
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Fed’s Evans says employment and inflation need to pick up before policy changes

Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy.Speaking after Friday's hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though

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Clarida says the Fed is ‘a long way from our goals’ and tightening policy

Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble.In a "Closing Bell" interview, Clarida said he expects the economy to grow close to 7%

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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022

Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022."I think we will see price pressure this year. You've got a very strong demand situation, and you've got constraints in supply," the central bank

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Fed holds interest rates near zero, sees faster growth and higher inflation

The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part

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10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

The 10-year Treasury Note yield may be on the verge of breaking out of its slump.After stabilizing over the past several weeks, Wells Fargo Securities' Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks.He lists the Federal Reserve's high level of comfortableness surrounding rising

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The Fed is unlikely to hint at policy changes next week, even with a stronger economy

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020.Susan Walsh | ReutersFederal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even

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Tech is an ‘extremely dynamic’ and resilient investment as economy reopens: Oppenheimer

Market bull John Stoltzfus sees investment opportunities across the board as earnings season kicks into high gear.Stoltzfus, chief investment strategist at Oppenheimer Asset Management, considers trading activity a lot more sensible than critics think — particularly when it comes to 2020's big winner."We see technology as ubiquitous. It serves

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Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy."I think the economy is ready to rip," Waller told CNBC's Steve Liesman during a "Squawk on the

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As Coinbase debuts, Powell calls cryptocurrencies ‘vehicles for speculation’

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve's two-day Federal Open Market Committee Meeting in Washington, July 31, 2019.Sarah Silbiger | ReutersCryptocurrencies are largely for making bets on price increases and haven't reached the status of payment mechanisms yet, Federal Reserve Chairman Jerome Powell

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Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank's commitment to keep loose monetary policy on place.That includes a statement of near-certainty that interest rates won't be going anywhere as inflation

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