The latest edition of our finance and property news digest with a distinctively Australian flavour.
Today we look at the markets reaction to the FED walking back on tapering, consider the latest movements in oil and gold, and discuss the rise of crypto, as Etherium becomes a house divided.
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the latest from the FOMC and press conference.
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.
Last December, the Committee indicated that it would continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward its maximum employment and price stability goals.
I caught up with Steve Van Metre to discuss the latest macro outlook, on the day the Fed hinted about deflation, and the markets fell, as volatility rose.
Steven Van Metre, Certified Financial Planner™ Professional, (CA Insurance License #0D45202 & Investment Advisory Representative with Atlas Financial Advisors, Inc., a Registered Investment Advisory firm.) is a financial planner, portfolio manager, and President of Steven Van Metre Financial. He specializes in retirement income strategies and the direct management of client assets.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
We look at the latest new lending stats in Australia and also the events in the USA as Jerome Powell jaw-bones the markets and a new rescue plan is mooted.
CONTENTS
0:00 Start 0:34 Introduction 1:06 New Lending For November 5:21 HIA On The Numbers 9:00 USA Economy 9:45 Biden’s Rescue Package 15:35 Jobless Claims Surged 21:40 Jerome Powell’s Jaw-boning 26:33 Conclusion 29:34 Ending