Jan 7, 2020

U.S. shadow banking sector may have grown to $1.2 trillion

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Dallas Fed chief: Bond-buying program likely helping to boost stocks

Photo: Jonathan Newton/The Washington Post via Getty Images

The bond-buying program the Fed began in September, which has added more than $400 billion to its balance sheet, is likely helping lift the stock market and other asset prices, not unlike its previous quantitative easing program, Dallas Fed president Robert Kaplan said Wednesday.

What he said: “My own view is it’s having some effect on risk assets,” Kaplan said in an interview with Bloomberg.

Go deeperArrowJan 16, 2020

The Fed plans to keep pumping cash

Illustration: Aïda Amer/Axios

The New York Fed added $83.1 billion in temporary liquidity to financial markets Thursday, and the U.S. central bank looks primed to keep pumping cash for at least the next few months.

Why it matters: The stock market's 30% gain in 2019 was in no small part backed by the Fed's decision to cut U.S. interest rates three times and inject more than $1 trillion of temporary financing into the repo market. It also added more than $400 billion to its balance sheet in the fourth quarter.

Go deeperArrowJan 10, 2020

Federal Reserve leaves interest rates on hold

Jerome Powell. Photo: Sarah Silbiger/Xinhua via Getty

The Federal Reserve said on Wednesday that interest rates would remain between the target range of 1.5% and 1.75%.

Why it matters: Fed chair Jerome Powell said developments in the global economy since the last Fed meeting — namely threats posed by the coronavirus outbreak — have not changed the central bank's wait-and-see approach.

Go deeperArrowUpdated Jan 29, 2020