Tag: Central Bank Intervention
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China’s central bank adds liquidity at unchanged policy rates
[ad_1] China’s central bank on Monday injected liquidity into the nation’s financial system via its monetary instruments at unchanged interest rates, signaling a hold on benchmark lending rates this month after June’s cuts. The People’s Bank of China injected 103 billion yuan ($14.42 billion) of liquidity via the one-year medium-term lending facility at an interest…
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Recession canceled? U.S. stock market ‘pretty frothy’ after S&P 500’s strongest first half since 2019
[ad_1] The S&P 500 index just wrapped up its strongest first half of a year since 2019, as a U.S. recession feared near by many investors seems perpetually further away than anticipated, leaving the stock market rally’s momentum for the rest of 2023 in question. It’s “difficult to gauge” when the “liquidity unleashed” by the…
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This incredible chart shows the close relationship between the S&P 500 and Fed liquidity
[ad_1] Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. Here, Fed QE is defined as the Fed’s total assets minus the balance of…
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PacWest, Western Alliance stocks rise as Hovde Group calls ‘near bottom’ in sector after potential ‘market manipulation’
[ad_1] Hovde Group analysts on Friday said bank stocks offer a “rare entry point” as they called a potential bottom to the steep selloffs in the sector amid speculation about further bank failures despite updates from regional banks on deposit strength. “There is nothing new fundamentally occurring with bank system deposits (other than the already…
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BOJ will continue monetary easing for now, Ueda says, as inflation to slow soon
[ad_1] TOKYO — Bank of Japan Gov. Kazuo Ueda said Monday that he would continue monetary easing for the time being because he expects inflation to start slowing down soon. “Trend inflation is still below 2% so we need to continue monetary easing,” Mr. Ueda told a parliamentary committee. He said inflation would likely fall…
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Bank deposits stabilize, while lending is trending down sharply in aftermath of Silicon Valley Bank’s collapse
[ad_1] The numbers: Deposits at U.S. banks rose slightly in the last week of March, but lending to businesses declined for the second week in a row. Deposits rose at both large and small banks, according to data released Friday by the Federal Reserve. The deposit figures are unadjusted. There… [ad_2] Source link