FOMC Minutes: Fed Seriously Considered Adjusting QE
The minutes for the FOMC meeting in November shows that policymakers were cautiously optimistic about the economic recovery and the impacts of the monetary policy tools on the economic outlook. As negative interest rate has been ruled out, the Fed’s...
Dollar and Yen Stay Weak in Quiet Pre-Holiday Trading
Markets are generally rather quiet in Asian session today, with Thanksgiving holiday in the US in sight. Risk markets are taking a breather after the earlier rally, so do the selloffs in Dollar, Yen and Swiss Franc. Nevertheless the trio...
Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show
Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the central bank looks to alternate ways it can support the economy. The Fed on Wednesday released minutes from its Nov....
14 million workers face losing unemployment benefits at the end of December
Capitol Building in Washington, D.C. DEA / M. BORCHI | De Agostini | Getty Images Nearly 14 million American workers are collecting unemployment benefits through programs that will lapse at the end of the year without congressional action. Expiring aid...
Another record low mortgage rate just caused demand to jump for both refinances and home purchases
Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume to increase 3.9% compared with the previous week, according to the Mortgage Bankers Association’s...
Stocks making the biggest moves midday: Gap, Square, Nikola, Nordstrom & more
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the...
GBP/USD: Risk Mode Keeps Cable Inflated for Renewed Attack at 1.34 Resistance Zone
Cable continues to tick higher and looks for fresh attack at 1.34 barrier, after Monday’s attempt was strongly rejected. The sentiment remains positive as start of transition of power in the White House and growing optimism for Covid-19 vaccine boosted...
US: Spending Increased, But Personal Income Pulled Back in October
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Dollar Falling Towards Key Near Term Support Levels after Mixed Data
Dollar’s sell-off slowed mildly as stocks turned into consolidation ahead of Thanksgiving holiday in the US. But for now, the greenback remains the second worst performing for the week, just next to Yen, followed by Swiss Franc. Commodity currencies are...
Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases
The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread. Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed...
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