|Day's Range||1.7780 - 1.9240|
|52 Week Range||1.4290 - 2.9190|
Stocks resurged Thursday afternoon after Bloomberg reported that U.S. negotiators had reached terms of a phase one trade deal that now awaits approval from President Donald Trump
President Donald Trump declares a “big deal” with China to be close, in a comment that sent stocks higher on Thursday ahead of a looming deadline for new tariffs.
U.S. Treasury yields rose sharply on Thursday following reports that the U.S. could delay tariffs set to kick in at the end of this week, boosting sentiment for risky assets at the expense of haven bonds.
A former high-ranking Federal Reserve official says interest rates may jump, but an economist points out the flaws in that argument.
DEEP DIVE U.S. stocks with attractive dividend yields have performed very well this year, for obvious reasons: Interest rates have declined at home and investors in Europe and Japan — where government and central-bank policies have pushed bond yields well into the negative — are desperate to find investments that will give them income.
USD/JPY Current Price: 109.35 US-China reached a deal in principle, according to US President Trump, dollar soars. Japan Q4 Tankan report expected to show further easing in manufacturing and non-manufacturing ...
The New York Federal Reserve said on Thursday it would step up the amount of funds it would inject into the multi trillion dollar repo market to help investors get through the end of year period, when banks are less willing to lend out their cash. As part of the repurchasing operations, the central bank buys Treasurys and other highly rated debt from dealers in order to inject liquidity into the system. The Fed expanded the overnight repo operation on Dec. 31 and Jan. 2 to at least $150 billion, and said it would offer a $75 billion repo on Dec. 30. The Fed also said it would offer another longer-term repo operation that would span year-end of at least $50 billion. At its postmeeting press conference, Fed Chairman Jerome Powell said the central bank would tweak the timing and amounts of its repo operations to mitigate stress in short-term funding markets from resurfacing.
The wholesale cost of U.S. goods and services were flat in November, offering more evidence that inflation is tame and likely to remain so in the near future. The producer price index has risen a scant 1.1% in the past year.
The number of Americans who applied for unemployment benefits in early December soared to highest level in more than two years, but the spike was likely tied to a later than usual Thanksgiving holiday instead of rising layoffs. Initial jobless claims jumped 49,000 to a seasonally adjusted 252,000.
Do stock and bond markets care about impeachment? The stock market is preoccupied with the status of trade negotiations, at least as portrayed by the media, between the U.S. and China over a phase-one deal that would provide some tax relief to China in exchange for its commitment to increase purchases of U.S. agricultural products. “Obsessed” is more like it, with every intimation that an agreement is nearing conclusion or facing hurdles sending stock prices (SPX)(DJIA) soaring or tumbling.
Fed Chairman Jerome Powell said Wednesday that changes to the Fed’s inflation framework, to be announced next year, will be meaningful.
U.S. Treasury yields retreated on Wednesday after the Federal Reserve’s policy statement and interest-rate projections indicated the central bank would keep rates at current levels next year.
After three rate cuts in a row, the Fed decided to leave things alone Wednesday and take a little time to see how things play out heading into the new year. The Fed’s decision to keep its benchmark Fed funds rate at a steady 1.5% to 1.75% likely didn’t come as a big surprise to anyone following the market lately. “The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective,” the statement said.
Federal Reserve Chairman Jerome Powell said on Wednesday that the central bank could potentially expand its Treasury bill purchasing program, if necessary, to include shorter-term coupon-bearing securities, while speaking in a news conference after the Fed said it would hold rates steady at 1.5% to 1.75%. Powell said that, for now, the Treasury's current pace of bill purchases of $60 billion per month was sufficient. The buying began in October and will continue through at least the second quarter of next year. The moves are intended to inject reserves back into the financial system, which may have held back banks from lending their funds freely to cash-starved market participants. As the central bank raises the level of reserves next year, the volume of the Fed's repo operations should shrink, said Powell. He also added the central bank could tweak the current repo operations to prevent a recurrence of stresses in short-term funding markets.
U.S. households paid more for energy, health care and rent in November, pushing the rate of consumer inflation up to the highest level in a year. The consumer price index rose 0.3% last month.
Anyone who has followed Jeffrey Gundlach, the chief executive of DoubleLine and the so-called bond king, knows he likes one market-based predictor for bonds.
The Federal Reserve left its policy rate unchanged at 1.5-1.75 per cent and indicated without dissent that it had no plans to make any more changes in 2020. After a two-day meeting in Washington on Wednesday, policymakers’ predictions for the likely path of the Fed’s policy rate showed a decisive shift toward a more accommodative stance over the next three years. In September, when the Fed last published its predictions, the median policy rate proposed for 2022 by participants in the Fed’s Open Market Committee was 2.4 per cent. That has dropped to 2.1 per cent.
U.S. Treasury yields bounce off their lows to end higher on Tuesday on expectations for a delay to tariffs on China, even as White House officials offering conflicting comments on the eventual outcome.
The decline in U.S. productivity was a bit less in the third quarter than previously reported, but it still marked the first negative reading since 2015. productivity fell 0.2%.
Yahoo Finance’s Seana Smith speaks with U.S.-China Business Council’s Anna Ashton about the latest developments in U.S.-China trade discussions on The Ticker.