US Fed

US Economy

Powell is the right choice for the Fed

At this juncture, signalling continuity and bipartisan competence in monetary policy needed to be the top priority.
Biden keeps Powell as Fed chief, elevates Brainard to vice chair - THE EDGE SINGAPORE

US Economy

Biden keeps Powell as Fed chief, elevates Brainard to vice chair

The move rewards Powell for helping rescue the US economy from the pandemic and tasks him to help fight coming inflation
US Fed chairman Powell "patient" on hikes, can act on inflation if needed - THE EDGE SINGAPORE

Global Economy

US Fed chairman Powell "patient" on hikes, can act on inflation if needed

"I don't think we’re behind the curve. I feel the policy is well-positioned to address plausible outcomes," Powell said.
Gold to retain its mojo after a long struggle - THE EDGE SINGAPORE

Gold

Gold to retain its mojo after a long struggle

2H21 is expected to be a lot different from the conditions that precious metal traders found themselves in the same time as 2H20.

US stocks

Asian markets brought down to earth as stimulus hopes fade

Shares slipped in much of Asia, while Australian equities outperformed. S&P500 contracts fluctuated after a Wednesday retreat.

Broker's Calls

Major dovish shift from Fed as US inflation falls below target

“We expect the new dovish strategy may lead to the Fed keeping its fed funds interest rate at 0.00-0.25% for up to the next five years now.” - BOS Chief Economist Mansoor Mohi-uddin.
Second half: second wave or second wind? - THE EDGE SINGAPORE

Global Markets

Second half: second wave or second wind?

Financial markets, poised to enter the second half with a “second wind” beneath the wings, have been doused with cold water.

US Economy

Fed officials worry about lasting economic scars from Covid-19, but Warren Buffet remains confident of the 'American Magic'

“Nothing can basically stop America. The American miracle, the American magic has always prevailed and it will do so again,” says Warren Buffet

1MDB Watch

Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal

Goldman Sachs is in ongoing discussions with U.S. and Malaysian authorities over their investigations into what the bank knew about the transactions at the time.
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