Tuesday, 20 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Powell Says Fed Waiting and Watching With Patience on Rates
Friday, 11 January 2019 04:06 WIB | FISCAL & MONETARY |

Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy.

œWe™re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we™re waiting and watching, Powell said in a question-and-answer session Thursday at the Economic Club of Washington, D.C. œYou should anticipate that we™re going to be patient and watching, and waiting and seeing.

U.S. stocks turned lower after Powell said the central bank is sticking with its process of shrinking its balance sheet to a more normal level, which removes stimulus put into place to revive the economy following the financial crisis and recession a decade ago.

The balance sheet œwill be substantially smaller than it is now, though bigger than it was before the crisis, Powell said. He said he didn™t know the exact level.

Source : Bloomberg

RELATED NEWS
Australia Central Bank Board Discussed Unconventional Policy at August Meeting...
Tuesday, 20 August 2019 09:04 WIB

Australia's central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates...

RBA releases quarterly Statement on Monetary Policy: Repeating the same dovishness...
Friday, 9 August 2019 08:55 WIB

The Reserve Bank of Australia has released its quarterly Statement on Monetary Policy. This follows a recent hold in interest rates and a brief statement that indicated fairly modest changes compared ...

RBA Leaves Key Rate at 1% as Seen by All 31 Economists Surveyed...
Tuesday, 6 August 2019 11:45 WIB

Reserve Bank of Australia holds key interest rate at record low of 1%, after cutting benchmark at each of prior two monthly meetings. RBA Governor Philip Lowe says in statement Tuesday: œIt is reas...

Carney Defends Bank of England Smooth Brexit Assumption...
Thursday, 1 August 2019 19:47 WIB

Mark Carney defended the Bank of England™s assumption in its latest economic forecasts that Britain will avoid a no-deal Brexit, saying it™s still the government™s official position to reac...

BOE Says Brexit Uncertainty Skews Forecasts, Keeps Rate on Hold...
Thursday, 1 August 2019 18:26 WIB

The Bank of England said it™s less confident than usual about the outlook for the economy because of Brexit and offered little new insight into the impact of no deal. The comments are the...

LATEST NEWS
US futures point to a slightly higher open

U.S. stock index futures were slightly higher on Tuesday morning. At around 04:40 a.m. ET, Dow futures rose 36 points, indicating a positive open of more than 22 points. Futures on the S&P and Nasdaq were both slightly higher. Wall Street...

Hong Kong stocks end with losses

Hong Kong shares ended slightly lower on Tuesday after a four-day rally, with profit-taking offsetting fresh hopes for China-US trade talks. The Hang Seng Index slipped 0.23 per cent, or 60.30 points, to 26,231.54. The benchmark Shanghai...

Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy

The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (07:30 GMT) and looking...

POPULAR NEWS
Gold Drops 2nd Day on Rising Stocks, Trade Comments
Monday, 19 August 2019 09:39 WIB

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with...

Gold ends lower as stock-market rebound dulls haven shine
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor...

Hong Kong stocks end with big gains (Review)
Tuesday, 20 August 2019 03:55 WIB

Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade...

Gold prices dip as equities gain, dollar strengthens
Monday, 19 August 2019 15:42 WIB

Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around...