Central Banks

Inflation Will Not Magically Disappear in 2022

Tradier | |

The US central bank abandoned the term “transitory” when characterizing rising inflation at its December meeting. However, action speaks louder than words, and the central bank’s forecasts and plans will likely keep that inflationary fuse burning into 2022.

Binance To Demand Stricter Customer Background Checks To Combat Money Laundering

Reuters | |

Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that comes after weeks of pressure by regulators globally.

Binance, the world's biggest crypto platform, has faced warnings and business curbs from financial watchdogs from Britain and Germany to Japan, who are concerned over the use of crypto in money laundering and risks to consumers.

Global Money Market Funds Post Fourth Straight Week of Inflows

Reuters | |

Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the likelihood of global central banks tapering their monetary stimulus policies amid a rise in inflation levels.

According to Refinitiv Lipper data, money market funds had net purchases of $20.5 billion, making a fourth successive week of inflows.

BlackRock Beats Estimates; Assets Under Management Exceed $7.8 Trillion

Reuters | |

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - BlackRock Inc's quarterly results exceeded analysts' estimates on Tuesday helped by broad-based strength in its businesses, as the recovery rally in global financial markets helped world's largest asset manager end the quarter with a record $7.81 trillion in assets under management.

"Each of our strategic investment areas, including iShares ETFs, alternatives and technology, continue to grow, while strong investment performance has...

Fed's Landmark Shift To a More Tolerant Inflation Stance Will Be Drag on Dollar for Years

Reuters | |

The U.S. Federal Reserve’s landmark shift to a more tolerant stance on inflation will be a drag on the dollar for years and will raise hard questions about the role of central banking, challenging policymakers from Frankfurt to Tokyo.

On the face of it, the Fed’s policy tweak, unveiled on Aug. 27, appears tailored to giving the U.S. economy a shot in the arm. A shift to average inflation targeting lets the Fed oversh...

Stocks End Lower; S&P 500 Down 1.1%, Ending Five-Day Winning Streak

AP News | |

Wall Street’s recent string of big gains came to an abrupt stop Tuesday as stocks closed broadly lower following a pullback in markets overseas.

The S&P 500 fell 1.1% after spending most of the day in the red. The sell-off snapped the index’s five-day winning streak. Technology stocks, banks and companies that rely on consumer spending accounted for a big slice of the slide, which accelerated toward the end of the day. Bond yields fell and the price of gold rose, another sign of caution in the market.

World Markets Higher Monday; US Futures Up Over 1%

AP News | |

Global stock markets rose Monday as investors shrugged off worries about rising coronavirus infections in the United States and some other countries and focused on hopes for an economic recovery.

Indexes in London and Frankfurt rose after Shanghai led a market rally in Asia earlier. Wall Street futures also rose.

Markets carried momentum from last week after unexpectedly strong U.S. jobs data despite some American states reporting record new coronavirus in...

Global Economic Outlook Has Worsened in June; Earliest Full Recovery Not Until Late 2021

Reuters | |

By Shrutee SarkarBENGALURU (Reuters) - The outlook for a global economic recovery over the past month has worsened or at best stayed about the same, according to a firm majority of economists in Reuters polls, with the ongoing recession expected to be deeper than predicted only last month.World stocks fell to their lowest in over a week on Thursday, as recovery doubts have crept in, driven by a surge in coronavirus cases in many countries.That includes the United States, which appeared to have ...

Will Massive Global Fiscal Stimulus Finally Lead to Inflation?

Reuters | |

LONDON (Reuters) - Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber. With the world economy forecast to shrink 6% this year, it may seem like a strange time to fret about inflation. And sure enough, market-based gauges suggest an uptrend in prices may not troub...

Pandemic Uncertainty Undermines Central Banks' Desire for Precision

Reuters | |

WASHINGTON/TOKYO (Reuters) - Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis that has no clear destination yet toward which to guide households and investors. With everything from depression to a sharpish recovery possible over the next six months, the language from Washington to Tokyo has included broad pledges of central bank...

Sponsored Financial Content

Market Movers