Summary Economic activity and employment have picked up somewhat but remain well below their levels at the beginning of the year. (Change) Weaker demand and significantly lower oil prices are holding down consumer price inflation. (No Change) Financial conditions have...
Summary The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. (Unchanged) Continue purchases under the pandemic emergency...
This is the 2nd quarter of 2020 market commentary which represents the current views of Experiential Wealth, Inc.
Summary The coronavirus outbreak is causing tremendous human and economic hardship (No Change) The virus and the measures taken to protect public health have induced sharp declines in economic activity and a surge in job losses. Weaker demand and significantly lower...
The pandemic emergency purchase programme (PEPP) will be increased by €600 billion, to a total of €1,350 billion. (new) The PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for...
COVID-19 changed everything and ECB, under Madame Legarde, is using the same “whatever it takes” policy to stabilize the European financial markets and to make sure the financial system functions under the COVID-19 pandemic crisis. What has changed? Everything and...
Summary Staying the course of using its full range of tools to support the U.S. economy (no change) The disruptions to economic activity here and abroad have significantly affected financial conditions and have impaired the flow of credit to U.S. households and...
This is the 1st quarter of 2020 market commentary which represents the current views of Experiential Wealth, Inc.
Summary taking further actions to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities. continue to purchase Treasury securities and agency mortgage-backed securities...
Summary This Press Release intends to summarize the most recent Federal Reserve monetary policies and Banking and Consumer Regulatory policies to support households, businesses, and the U.S. economy overall during the COVID-19 pandemic crisis. $700 billion purchase of...
Summary establishment or expanded temporary U.S. dollar liquidity arrangements (swap lines) with 9 other central banks in response to an increased demand for U.S. dollars overseas. helping to stabilize foreign dollar markets through the deployment of swap lines would...
Summary Established a Money Market Mutual Fund Liquidity Facility (MMLF) in support for the flow of credit to households and businesses by enhancing the liquidity and functioning of crucial money markets. MMLF is expected to be extended through September 30, 2020....
COVID-19 has halted economic activity in many countries. Financial markets have experienced all-time high volatility and continue to be stressed. Lending to the primary dealers by the Federal Reserve is needed to maintain the orderly function of financial markets....
Summary Section 13(3) of the Federal Reserve Act, a product of the Depression Era, permits emergency lending to bank and nonbank companies by the Federal Reserve. On October 27, 2008, the Federal Reserve established the Commercial Paper Funding Facility (CPFF) in...
This is an unscheduled meeting of the FOMC and replaces the scheduled March 17th-18th meeting. Summary The coronavirus outbreak has harmed communities and disrupted economic activity. Global financial conditions have also been significantly affected. Available...
The ECB acknowledges that the spread of the coronavirus (COVID-19) has been a major shock to the growth prospects of the global and euro area economies and has heightened market volatility. Even if ultimately temporary in nature, it will have a significant impact on...
With the Coronavirus rolling across Asia and into the Middle East and Europe, investors are recalculating risk and pricing in a global pandemic that will extend the demand and supply shock that originated in China. Investors are now increasingly pricing in more FOMC...
Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of household spending has been rising at a moderate pace. (changed) Growth of...
Summary Incoming data suggest muted inflation pressures and weak euro area growth dynamics while ongoing employment growth and increasing wages continue to underpin the resilience of the euro area economy. (no change) Keep key ECB interest rates unchanged. (change)...
This is the 4th quarter of 2019 market commentary which represents the current views of Experiential Wealth, Inc.