U.S. stock futures fell back on Thursday as the positive impact on bond markets from the Bank of England’s intervention began to fade and yields again moved higher. How are Read more
Tag: Central Bank Intervention
Opinion: Bank of England’s surprise move was smart – but the U.K. government still faces big challenges
The Bank of England’s surprise decision to intervene in the bond market by buying long-dated government bonds is a prudent move, not a sign of panic. It won’t stop U.K. Read more
‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023
Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession. “I Read more
Yen rallies after Japan intervenes for first time in 24 years
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other Read more
Yen rallies after Japan intervenes for first time in 24 years
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other Read more
Larry Summers says the Fed ‘let us down quite badly,’ is wrong about economy
The Federal Reserve “lost its way” last year as inflation gripped American households and still isn’t being realistic about the impact it will have on the economy, ex-Treasury Secretary Larry Read more
China’s PBOC keeps key policy rates unchanged
China’s central bank kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market. The People’s Bank of China held the interest rate of the Read more
Opinion: A recession can be avoided if Americans accept 4% inflation
Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began Read more
Yellen: Forex Intervention Warranted Only in Rare Circumstances
By Andrew Duehren TOKYO–Treasury Secretary Janet Yellen expressed reluctance to intervene to support the yen after the Japanese currency’s recent fall. Ms. Yellen, speaking in Tokyo on Tuesday after meeting Read more
Opinion: The Fed is not going to stop until inflation is locked back in its cage
Inflation has come up to a 40-year high and that should tell us several things. One is that you have to be over 60 years old to have experience with Read more