EUR/USD 1.17374
-0.007%
Gold 4298.91
0.447%
Oil 57.381
-0.625%
USD/JPY 155.874
0.202%
GBP/USD 1.33565
-0.220%
GBP/JPY 208.198
-0.015%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hang Seng Index futures closed down 0.95% at 25,735 points in overnight trading, a discount of 242 points.December 13th - According to sources, trade negotiators from India and the EU are no longer optimistic that they can finalize a trade agreement by the end of this year. The sources say negotiations may now extend into next month, with both sides still hoping to reach an agreement to announce when European Commission President Ursula von der Leyen leads a delegation to New Delhi in January. The sticking points appear to be in sensitive sectors such as automobiles and steel. Some sources indicate that the EU wants India to increase its quota of approximately 80,000 vehicles that can be exported to India in exchange for reduced tariffs. Meanwhile, the Indian government is seeking to ease tariffs on some steel exports to the EU and wants flexibility regarding EU carbon tax regulations.On December 13, it was reported that on December 11 local time, the Venezuelan National Assembly approved the "Law on Support for Palestine and Humanity," which abolishes the Rome Statute of the International Criminal Court, marking Venezuelas decision to withdraw from the International Criminal Court.Intercontinental Exchange: In the week ending December 9, diesel speculators reduced their net long positions by 7,954 contracts to 58,578 contracts.On December 13th, a French presidential official stated on Friday that Ukraine, the United States, and European countries are still working to find a common ground to outline a peace agreement, including security guarantees for Kyiv, which could be submitted to Russia for consideration. The official told reporters at a press conference, "Our goal is to establish a solid common foundation for the negotiations. This common ground must unite Ukrainians, Americans, and Europeans. This should enable us to jointly propose a negotiating offer, a solid and lasting peace proposal that respects international law and Ukraines sovereign interests, a proposal that the US negotiators are willing to present to Russia." The official stated that there is currently no joint document, but the parties will negotiate through various phone calls and meetings in the coming days. He did not disclose whether Washington had set a deadline. He also revealed that a Ukraine meeting would not be held in Paris on Saturday.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


截屏2022-04-07 上午9.59.45.png

Suggestion