BBC.- The Federal Reserve has warned that America’s biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.
BBC.- The chairman of the Federal Reserve says the US economy could “easily” contract by 20-30% amid the pandemic.
BBC.- As policymakers from America’s central bank prepare to meet – virtually – this week, they will be looking to see if the extraordinary steps they have taken to confront the world’s most severe economic crisis since the Great Depression are working.
MarketWatch.- The Federal Reserve’s expansion of its balance sheet since last fall has supported cyclical and financial stocks and hurt defensive ones like utilities and telecommunication, according to a new study released Tuesday.
MarketWatch.- St. Louis Fed President James Bullard on Monday said the U.S. economy is at risk because the 75-year old era of free trade, which has helped domestic companies prosper globally, is ending.
BBC.- The US central bank has pumped more than $200bn (£160bn) into the financial system this week – the first time there’s been such an intervention since 2008. The Federal Reserve’s aim was to stabilise what is usually a calm part of the market.
El Comercio.- El miércoles 19 de junio finalizó la reunión del Comité de política monetaria de la Reserva Federal (Fed) de los Estados Unidos. En ella se acordó mantener la tasa de interés en un rango de entre 2,25% y 2,5%.
BBC.- Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views.
Gestión.- En un contexto más benigno para mercados emergentes, la solidez financiera del país es un factor que no pasa desapercibido a ojos de los inversionistas extranjeros.
Gestión.- Sin un avance explosivo pero a paso firme, la Bolsa de Valores de Lima (BVL) cerró marzo con un rendimiento mensual positivo de 1.76%.
El Comercio.- Gracias a la FED, la parte más riesgosa y considerable del mercado de bonos con grado de inversión está a punto de crecer aun más.
BBC.- The “consensus view” at the US Federal Reserve is that gradual interest rate rises remain the best policy, the head of the US central bank has said. Federal Reserve chair Jerome “Jay” Powell made the remarks at an annual economic conference in Wyoming.
El Comercio.- De acuerdo a Scotiabank, existen suficientes señales para creer que en este 2018 el ritmo de expansión de la liquidez mundial sería menor a la del año pasado.
Bloomberg.- Milton Friedman put a nail in the coffin of the original version of the Phillips Curve 50 years ago when he correctly foresaw that the U.S. could simultaneously suffer from high unemployment and lofty inflation. A growing number of economists are now trying to lay to rest Phillips Curve 2.0, still in use at the Federal Reserve and other central banks to guide monetary policy.
Bloomberg.- Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.
SEMANAeconómica.- El presidente Donald Trump designaría esta tarde a Jerome Powell como nuevo presidente de la Reserva Federal de Estados Unidos.
Bloomberg.- Equity markets were mixed on Tuesday, the dollar fell and Treasuries edged higher before as the Federal Reserve began a two-day meeting and investors awaited Donald Trump’s speech to the United Nations.
Bloomberg.- U.S. stocks opened higher and the dollar and Treasuries were largely steady as investors held tight before the release of the latest Federal Reserve minutes. European stocks advanced amid growing optimism over the region’s economy. Oil headed for its first gain in three days and base metals railled.
Bloomberg.- With May’s jobs report just one of several signs indicating that the U.S. economy has hit a soft patch, the Federal Reserve may have reasons to be cautious and refrain from increasing interest rates when the Federal Open Market Committee meets next week. Indeed, that is what the Fed would have done in past years.
Gestión.- El desempleo sigue declinando y llegó en abril a 4.4%. La mediana de los pronósticos de la Reserva Federal (Fed) de Estados Unidos sobre el desempleo (4.5% desde fines de 2017 hasta fines de 2019) ha resultado una vez más optimista.
Bloomberg.- William Dudley, president of the Federal Reserve Bank of New York, has long believed that Fed policymakers should pay more attention to stock market swings. Now, with the Fed lifting rates for the first time in almost 10 years, Dudley, who also serves as vice chairman of the Fed’s Open Market Committee, has a chance to put his ideas into practice.
Perú 21.- La Reserva Federal de Estados Unidos (FED) anunciará hoy un posible incremento de sus tasas de interés de referencia luego de la reunión que sostuvieron sus directivos el día de ayer.
Bloomberg.- While the world’s attention has been gripped by politics in the U.S. and Europe in recent weeks, China has been quietly cementing its newfound influence on financial markets.
Bloomberg.- Investors moved on from President Donald Trump’s address to Congress, shifting their focus to the timing of a U.S. rate increase as the dollar strengthened, stocks advanced and bonds fell. Robust factory data from China spurred gains in metal prices.
SEMANAeconómica.- Actas de la reunión de la Fed en febrero revelan que la siguiente subida se daría a mitad de marzo.
Bloomberg.- Add the Federal Reserve to the list of worriers about investor complacency as stocks set new records almost daily.
Bloomberg.- Federal Reserve Chair Janet Yellen set a relatively high hurdle for shrinking the central bank’s balance sheet, leading some analysts to conclude that such a move won’t occur this year.
Bloomberg.- To err is human. To err when you’re the Federal Reserve means national wealth gets destroyed and millions of people lose their jobs.
Bloomberg.- The dollar’s advance stalled as the dust settled on a new financial-market landscape created by the Federal Reserve’s shift to a tighter policy path in 2017.
Bloomberg.- The dollar climbed to the highest level since 2003 against the euro as the prospect of a steeper path for U.S. interest rates next year filtered through markets. European bank stocks climbed while bonds and gold slumped.