Fed Says It May Soon Start Removing Stimulus
"); jQuery("#212 h3").html("
"); });
2021-09-23 HKT 02:44
Share this story
The Federal Reserve said on Wednesday that increasing Covid-19 cases have slowed the US economic recovery, but it may nonetheless be ready to "soon" start removing stimulus.
The economy has healed to the point that the central bank may slow the pace of its massive monthly bond purchases "if progress continues broadly as expected," the policy setting Federal Open Market Committee (FOMC) said in a statement after concluding its two-day meeting.
In their quarterly forecasts, members of the committee now see growth of just 5.9 percent this year rather than the seven percent projected in June, but still expect at least one interest rate hike next year. (AFP)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more