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Nothing can stop the Federal Reserve from cutting back in November, even non-farm payroll data won't work
Inflation and labor market performance may have met the prerequisites for a reduction in debt purchases. Federal Reserve hawks will emphasize that wages are growing quite fast, which is a sign that the labor market continues to tighten. Federal Reserve policymakers may not pay too much attention to September's weak non-farm payroll data; they expect to take the first step in withdrawing from stimulus policies at next month's monetary policy meeting. Rubeela Farooqi, chief US economist at High Frequency Economics, said, “This will not change the Fed's reduction schedule. Inflation and labor market performance may have satisfied the reduction in debt purchases before
Global IPO slows in the third quarter after a crazy start in 2021
The pace of global initial public offerings (IPO) slowed down from the previous frenzied pace in the third quarter of 2021, but the number of listings in the first nine months of this year was still the highest since the dotcom bubble in 2000, according to Refinitiv. IPO raised about $94.6 billion in the third quarter, down 26.3% from the second quarter, according to the data. Since the beginning of the year, more than 2000 IPO sessions worldwide have raised a total of $421 billion, a record high, and more than double the amount raised in the same period last year. The figure includes 486 special purpose buyout companies listed in the first nine months of this year
Musk: Apple's App Store fee is actually a global Internet tax.
Musk wrote on social media on Friday that Apple's app store fees are in fact a global tax on the Internet.
Is it far from the Fed's overnight reverse repo usage exceeding $800 billion for the first time to scale back its bond purchases?
Original title: break the record again! Is it far from the Fed's overnight reverse repo usage exceeding $800 billion for the first time to scale back its bond purchases? Source: FX168 on June 23rd, the Fed's use of overnight reverse repos reached another record, exceeding $810 billion for the first time. Turnover in the Fed's reverse repo operation reached a record $813.573 billion on Wednesday as financial institutions continued to inject cash into overnight instruments. The $800 billion is already equivalent to the 10-month purchases of treasury bonds in the Fed's current round of QE. This is a sign that investors see little attraction in a low-yielding environment.
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