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News

U.S. Treasury Secretary Mnuchin says people are misunderstanding his department’s decision not to extend funding to several Fed lending programs - CNBC

  • We’re following the intent of Congress; it was clear that congressional intent was that Fed's lending facilities should expire at the end of December
  • We need Congress to re-appropriate these funds
  • Еhere’s up to $800 billion in potential firepower that can be deployed if needed through the Exchange Stabilization Fund and elsewhere
  • Markets should be very comfortable that we have plenty of capacity left
  • We'll be redoubling our efforts to sit down with Congress and get something done on stimulus
  • Parts of the economy are roaring back but a lot of people are still struggling
  • We want to get a targeted bill done for the people who really need it
  • We're working to get vaccine distributed widely

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18:57 02.12.2020
Gold: Outflows in ETFs key driver behind the November sell-off - Commerzbank
FXStreet reports that in the view of Carsten Fritsch, Precious Metals Analyst at Commerzbank, outflows in the gold-backed exchange-traded funds (ETFs) in November was the main driver behind the metal’s fall.“The gold market saw continued selling pressure last month as investor sentiment was boosted by news of three potential vaccines for the COVID-19 virus.”“Gold-backed exchange-traded funds (ETFs) have been the key driver behind gold's disappointing price action.” "News
18:44 02.12.2020
Dallas Fed president Kaplan: Guidance will be needed on asset purchases - WSJ
Fed's officials need "start thinking about how we want to begin to taper or communicate the composition and the size of our asset purchases"Broader changes and altering those purchases right now not needed
18:36 02.12.2020
EIA’s report reveals smaller-than-forecast drop in U.S. crude oil inventories
The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories decreased by 0.679 million barrels in the week ended November 27. Economists had forecast a decline of 2.358 million barrels.At the same time, gasoline stocks rose by 3.491 million barrels, while analysts had expected a gain of 2.386 million barrels. Distillate stocks advanced by 3.238 million barrels, while analysts had forecast a decrease of 0.209 million barrels.Meanwhile, oil production in
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