Fed's Kaplan says buying Treasury bills is not QE

12 Octobre, 2019, 20:31 | Auteur: Auguste Feret
  • Fed to begin Treasury bond purchases of about $60 billion per month

Risk trades are at the best levels of the day. -China trade deal could be a "positive development" for the US economy, Dallas Federal Reserve Bank President Robert Kaplan said on Friday but repeated that he'll remain open-minded and watching data closely in the run-up to the Fed's October 29-30 policy meeting.

It also will continue through at least January the recently implemented steps to inject funds into the U.S. markets on a daily basis. "If this proves to be insufficient they'll simply do more". Through that approach, the Fed sets monetary policy by controlling the interest rate charged on reserves instead of conducting daily market operations.

Federal Reserve Chairman Jerome Powell revealed that the central bank will be expanding the size of its US$ 4 trillion balance sheet through further short-term T-bill purchases.

Those bond buys, known as quantitative easing, or QE, were created to push down longer-term interest rates to spur borrowing and investment.

Porsche et Boeing développent la voiture volante électrique du futur
Les deux géants planchent déjà sur un concept de véhicule entièrement électrique capable de décoller et d'atterrir à la verticale. Bref, elles veulent concevoir ensemble des véhicules volants.

Une pépite anglaise suspendue pour s'être moquée de Harry Kane
Harvey Elliott va devoir observer une période de quatorze jours sans football, rapporte lequipe.fr, visité vendredi par senego. Le jeune joueur, titularisé en Carabao Cup avec Liverpool cette saison, est considéré comme l'un des grands espoirs anglais.

International : Mourinho cite le meilleur joueur qu'il a vu
Si les Gones ont bien tenté le coup auprès du Portugais, ce dernier n'a pas donné suite. Le "Special One" aurait-il une autre idée derrière la tête?

The Fed will purchase Treasury bills through at least Q2 of next year to maintain "ample reserve balances at or above the level that prevailed in early September 2019". The Committee will continue to monitor money market developments as it assesses the level of reserves most consistent with efficient and effective policy implementation.

Across maturities, yields dipped modestly, but remained up between 5 and 10 basis points on the day.

Kaplan blamed the lack of liquidity on the "dramatic increase" in government borrowing as well as regulatory changes since the financial crisis that make banks less willing to lend reserves to each other.

Conseillé:

  • Audubon report finds hundreds of bird species in peril

    Audubon report finds hundreds of bird species in peril

    The existential threat to birds also impacts humanity. "Some birds are likely to adapt in ways we can't foresee". Wells said ME is home to a total of 285 regularly occurring breeding, migrant and wintering species of birds.
    Miami holds off No. 20 Virginia, 17-9

    Miami holds off No. 20 Virginia, 17-9

    ESPN reported Virginia coach Bronco Mendenhall said postgame the injury was to an ankle, but did not share additional details. Time and time again the Hurricanes defense was at its best against the Cavaliers while inside their own 20-yard line .
    Robert De Niro can’t wait to see Donald Trump in jail

    Robert De Niro can’t wait to see Donald Trump in jail

    But the outspoken critic of the USA head of state became animated when given the opportunity to talk politics. The 63rd BFI London Film Festival closes on October 13 with " The Irishman ".
  • First man to conduct spacewalk, Alexei Leonov, dies aged 85

    First man to conduct spacewalk, Alexei Leonov, dies aged 85

    The memorial service and the funeral are expected to take place on 15 October, at the Federal Military Memorial Cemetery. During the mission, his spacesuit filled with air to the point where he struggled to get back into the spacecraft .
    Four things to watch as the Chiefs take on the Texans

    Four things to watch as the Chiefs take on the Texans

    He made the Pro Bowl in each of his first three seasons, including a couple of First-Team All-Pro selections. It marked the Chiefs' lowest scoring output since November 2017.
    Britain's Sending a Toy to the Moon

    Britain's Sending a Toy to the Moon

    Once the lander reaches the Moon, the 3lb 5oz (1.5kg) rover will drop from beneath it to the surface along with other payloads. SpaceBit will be one of those partners, sending the rover to the surface inside Astrobotic's Peregrine lander.
  • Vikings will be without starting guard and linebacker against Eagles

    Vikings will be without starting guard and linebacker against Eagles

    "Yeah, I want to be in Minnesota", Diggs said after the game . "It's really until he gets to that point when we make a decision". I've watched the film and the reality is there were opportunities for [Thielen].
    Ireland move into quarter-finals by crushing Samoa

    Ireland move into quarter-finals by crushing Samoa

    We can't control what happens with the Japan-Scotland game, so on Saturday it's up to us to get our business done as best we can". Given the current ongoing controversy over the decision to cancel rather than reschedule certain games due to typhoon Hagibis, .
    Apparently, Prince Harry and Meghan Markle are 'considering' moving to Canada

    Apparently, Prince Harry and Meghan Markle are 'considering' moving to Canada

    She said: 'I remember feeling shocked and angry and also just feeling so hurt, ' Markle said in the speech. She ended the Instagram video on Friday with a message to all young girls.
  • Red-hot Medvedev beats Tsitsipas to reach Shanghai final

    Red-hot Medvedev beats Tsitsipas to reach Shanghai final

    Federer and Djokovic had been a combined 13-0 in Shanghai with a spot in the semifinals on the line, but both lost Friday. Zverev will next play Matteo Berrettini , an 11th-seeded Italian who defeated fourth-seeded Dominic Thiem 7-6 (8), 6-4.
    La France déroule contre l'Azerbaïdjan — Euro Espoirs (Q)

    La France déroule contre l'Azerbaïdjan — Euro Espoirs (Q)

    Dans cinq jours, les Français se rendront en Slovaquie pour une nouvelle rencontre de ces qualifications au championnat d'Europe.
    États-Unis. Au moins 4 morts dans une fusillade à New York

    États-Unis. Au moins 4 morts dans une fusillade à New York

    La police ne peut établir pour l'heure de motif à ce drame ni le nombre de tireurs impliqués. Deux hommes et une femmes ont été par ailleurs blessé, leurs vies ne seraient pas en danger.


Populaire

Aisha Buhari breaks silence as world marks Girl Child Day
It's International Day of the Girl - a day to bring attention to girls' rights and the challenges that they face around the world.

Charlie's Angels gets new trailer
Though subliminally, the music track kicks in, with a chorus that hums, 'Don't call me angel .' Which is a bit contradictory. Now, the smartest and bravest women around the world are joining forces to become teams of Angels guided by multiple Bosleys.

Pourquoi Ronaldo a marqué 699 buts et non pas 700 ?
Un autre record pour entrer dans la légende, une autre statistique passionnante, comme beaucoup d'autres le font dans sa carrière. Les deux équipes, très bien placées pour se qualifier, se retrouveront lundi à Kiev pour un choc entre invaincus.

'Terrifying but fantastic:' New Tesla feature sparks awe and mayhem
California's 2019 wildfire season has begun as high winds whip up fires across the northern part of the state. On the other hand, PG&E said it had restored power to 126,000 customers in Northern California by 6:00 a.m.

Man City 'join the race' for United target Ruben Dias
A long-term injury to Aymeric Laporte has underpinned a stuttering start to the defence of their Premier League title. Dias has a deal until 2024 with the Lisbon club, but his contract includes a £59 million release clause.

Australia Tennis Star Ashleigh Barty Wins "The Don" Award
She is well on track to become the first Australian since Lleyton Hewitt in 2002 to end the year with the No.1 tennis ranking. She wants to have a big finish to the year, with the WTA finals at the end of this month in Shenzhen, China.

1,500 jobs lost, but unemployment rate declines in September
From a broader perspective, though, B.C. has posted gains of 33,400 jobs when September 2019 is compared with the September 2018 numbers.

Trump hails 'Phase 1' of trade deal with China
Trump said Friday's deal has yet to be put down on paper but said, "We should be able to get that done over the next four weeks". USA manufacturers are hurt by rising costs from the tariffs and by uncertainty over when and how the trade hostilities will win.

Angèle voit toujours flou dans son nouveau titre — Perdus
Pour nous faire patienter jusque là, la star a dévoilé l'un de ses nouveaux morceaux, enregistré et diffusé via Colors Show . Ce dernier était déjà présent sur l'album " Brol " mais il sera, cette-fois, joué en version orchestrale.

Michael Cheika takes early jab at Eddie Jones
Matt To'omua lined up in the 10 jersey against Georgia , the third first-five the Wallabies have gone with at the tournament. It doesn't matter, all the different things, who's had a week off, who's had a week on, who's been resting, who hasn't".