EUR/USD 1.15420
0.005%
Gold 4367.49
-0.012%
Oil 82.328
0.174%
USD/JPY 159.273
-0.016%
GBP/USD 1.35088
0.012%
GBP/JPY 215.165
-0.003%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 12th - According to a senior economic advisor and a former government official, US President Trump is seeking new policy promises to demonstrate to voters before the midterm elections, including potential calls for Congress to cut capital gains taxes and establish exemptions for certain home sales. White House National Economic Council Director Hassett said on Tuesday that Trump wants to introduce more incentives to garner voter support for the Republican Party in the November election. Kudlow, who served as director of the National Economic Council during Trumps first term and remains a Trump ally, said he recently discussed a "capital gains tax inflation indexation" proposal with Trump, adjusting for inflation before taxing capital gains. Kudlow also suggested exempting home sales of $2 million or less from capital gains tax, stating that "the boss (Trump) is very interested in this."On August 12, Iranian Oil Minister Mohsin Paknead stated on the 11th that Iran is repairing its war-damaged natural gas production facilities, and its daily production capacity is expected to recover to 95 million cubic meters by the end of September. Paknead said that the reconstruction of four attacked and damaged natural gas processing facilities is progressing rapidly, with contractors already on the ground, and is expected to be completed ahead of schedule, fully restoring pre-war production capacity. Previously, it was reported that since the US-Israel military action against Iran, Irans daily natural gas production has decreased by approximately 230 million cubic meters.Amazon Web Services (AWS): OpenAI’s Daybreak Red and Daybreak Blue are now available to eligible customers on Amazon Bedrock.August 12 - The Houthi rebels in Yemen stated on the 11th that they are willing to maintain dialogue with Saudi Arabia, but also said that they will continue to launch attacks on Saudi-related ships and Saudi-backed military targets unless their demands are met.Coreweave (CRWV.O) CFO: Third-quarter revenue is expected to be between $3.45 billion and $3.6 billion, with capital expenditures between $11.5 billion and $13.5 billion.

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