EUR/USD 1.16267
0.241%
Gold 4663.32
1.778%
Oil 58.909
-0.591%
USD/JPY 157.991
-0.051%
GBP/USD 1.34059
0.197%
GBP/JPY 211.806
0.145%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The China Earthquake Networks Center officially reported that a 5.1-magnitude earthquake occurred at 19:32 on January 19 in Qiaojia County, Zhaotong City, Yunnan Province (27.01 degrees north latitude, 103.41 degrees east longitude), with a focal depth of 10 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.7 occurred at 19:32 on January 19 near Ludian County, Zhaotong City, Yunnan Province (27.05 degrees north latitude, 103.44 degrees east longitude). The final result is subject to the official rapid report.On January 19th, Dinglong Technology announced its 2025 annual performance forecast, projecting net profit attributable to shareholders of the listed company to be between 700 million and 730 million yuan, representing a year-on-year increase of 34.44% to 40.20%. Net profit excluding non-recurring gains and losses is expected to be between 661 million and 691 million yuan, representing a year-on-year increase of 41.00% to 47.40%. During the reporting period, strong growth in the semiconductor materials and display materials businesses, coupled with deepened cost control and the release of lean operational efficiency, drove improved profitability.Brazilian economists predict that the Central Bank of Brazils benchmark interest rate will be 12.25% by the end of 2026; this was also the previous forecast.A spokesperson for the European Commission said the EU Transatlantic Relations Council will convene on Thursday, January 22.

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