Godlike Productions - Discussion Forum
Users Online Now: 2,233 (Who's On?)Visitors Today: 606,596
Pageviews Today: 1,495,685Threads Today: 656Posts Today: 12,879
07:15 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Fed won’t taper until 2023 at the earliest. DXY down. Silver up $0.80. Gold up $17.50...

 
McDonald Trunalimunumaprzure
Offer Upgrade

User ID: 78151259
United States
04/21/2021 03:37 PM
Report Abusive Post
Report Copyright Violation
The Fed won’t taper until 2023 at the earliest. DXY down. Silver up $0.80. Gold up $17.50...
Seems like they don't want the crash to happen until the next president.


But that hasn’t been the case of late, with the 10-year yield BX:TMUBMUSD10Y slipping around 15 basis points from its late March high. That is not all — the U.S. dollar DXY, -0.12% has softened, and the trading in eurodollar EDZ24, -0.01% futures suggests reduced expectations for the number of interest-rate hikes between now and the end of 2024. “That all kind of makes sense with a slower growth trajectory beyond this year,” says Joe Lavorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking.

Also see: Dollar bears cheer as rate-sensitive traders track Fed expectations

This year will see “gangbusters growth,” says Lavorgna, the chief economist for the White House National Economic Council in the latter days of the Trump administration. “If the economy was healthy before the [COVID-19] pandemic began, it would make sense the economy would come back quite quickly, and that’s certainly been the case in the U.S.” But Lavorgna distinguishes between gross domestic product growth and the U.S. jobs picture, which is still over 8 million jobs short of pre-pandemic levels.

And this job outlook is dependent on the small-business side, where the data haven’t been great. “If we significantly lift marginal tax rates, and the tax rates on capital, that’s going to really hurt the S corps,” he says, referring to businesses with no more than 100 shareholders. The White House didn’t reply to a question about S corporation tax policy.

Lavorgna isn’t fearful of goods and services inflation, and, as a result, says the Fed won’t begin to taper its bond purchases before 2023 — and won’t lift interest rates before the next presidential election. The New York Federal Reserve’s survey of primary dealers, in March, found Wall Street expecting that the taper would begin in the first quarter of 2022, with the first hike in the third quarter of 2023. “If you’re going into 2022, and growth is a lot slower, the delta is negative, and inflation isn’t really picking up, it’s going to be very hard for the Fed to taper,” the Wall Street veteran says.
[link to www.marketwatch.com (secure)]

Last Edited by ST. FLOYD OF FENTANYL on 04/21/2021 03:44 PM
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
McDonald Trunalimunumaprzure  (OP)

User ID: 78151259
United States
04/21/2021 03:44 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed won’t taper until 2023 at the earliest. DXY down. Silver up $0.80. Gold up $17.50...
Damn. Silver up $0.80 now.
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888





GLP