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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
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The announcement came days after the United Arab Emirates withdrew from the
group. The higher output will have little effect on global supplies.
20 hours ago
Seed Newsvine
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With one eye on escalating debt turmoil in Europe and another on a stubbornly high 9.1 percent U.S. unemployment rate, the Fed , whose policy panel meets next Tuesday and Wednesday, looks set to begin shifting the composition of its balance sheet to weight it more heavily with longer-term securities.
ReplyDeleteHaving taken short-term interest rates to near zero and bloated its balance sheet with bond purchases that topped $2 trillion, analysts say the U.S. central bank is looking for smaller-bore ways to increase its support, such as shifting its holdings away from shorter-term debt.