Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown

1.15K
85
1

Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown

Bloomberg2022-01-06

Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1.15K

Report

Comment（85）

Gee1
·2022-01-06
well done
Reply
2
Report
STSL
·2022-01-06
Pls like
Reply
3
Report
Ahsiang
·2022-01-06
Gogogo
Reply
1
Report
Kong123
·2022-01-06
Fierce
Reply
4
Report
LISEE
·2022-01-06
omg
Reply
3
Report
whywhywhywhy
·2022-01-06
[得意]
Reply
2
Report
Fold Replies
- whywhywhywhy:
  [哇塞] [生病]
  2022-01-06
  Reply
  Report
- whywhywhywhy:
  [警告]
  2022-01-06
  Reply
  Report
- indietro_:
  Ok
  2022-01-06
  Reply
  Report
View more 2 comments
Oldie
·2022-01-06
Back to reality
Reply
3
Report
LimLS
·2022-01-06
High inflation is forcing Fed to pick up the pace for tapering and hike. The good job numbers and bull market are allowing Fed to implement these. We should be seeing Fed getting more hawkish for next few months. Until the market dip more, Powell should remain hawkish.
Reply
5
Report
yeelyn18
·2022-01-06
Oo
Reply
4
Report
AhTong
·2022-01-06
Tarde with precaution
Reply
3
Report
大赢家 BIG WINNER
·2022-01-06
👌
Reply
3
Report
NP_YT
·2022-01-06
Read
Reply
4
Report
Fold Replies
- Shinshinc:
  ok
  2022-01-06
  Reply
  Report
hotwheels
·2022-01-06
higher inflation coming. Be prepared.
Reply
4
Report
robot1234
·2022-01-06
US is taking advantage of USD as global reserve currency to print tens of trillions of dollars and exporting her inflation to other countries. US debt is hitting $31.4 trillion. Nevertheless, US continual abuses of mass QE, untra loose monetary policy and manipulation of exchange rates, over and over again, will surely come back to haunt her.
Reply
5
Report
土金水木火
·2022-01-06
Ok
Reply
4
Report
SSVC
·2022-01-06
K
Reply
4
Report
ARIESan
·2022-01-06
Bad news
Reply
4
Report
Prosperity88
·2022-01-06
Aaaaaaaaaaaaaaaaabbbbbbbbbbbbbbbaaaaaaaawwwwwawwßsswwwa
Reply
4
Report
Chloe26
·2022-01-06
Ok
Reply
4
Report
Fold Replies
- Chloe26:
  Noted
  2022-01-20
  Reply
  Report
- Chloe26:
  Ok
  2022-01-11
  Reply
  Report
- AgnL:
  ok
  2022-01-06
  Reply
  Report
Ku9787
·2022-01-06
[smile]
Reply
6
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1145850594?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-01-06 06:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1145850594","market":"us","top_or_hot":-1,"title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","media":"Bloomberg","content":"<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","article_id":"1145850594","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","pubTimestamp":1641422572,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"美联储会议纪要显示早期加息、资产负债表崩溃的可能性","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9008671242,"gmtCreate":1641439299721,"gmtModify":1676533615863,"author":{"id":"3555136548043615","authorId":"3555136548043615","name":"Gee1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3555136548043615","authorIdStr":"3555136548043615"},"htmlText":"well done","listText":"well done","text":"well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008671242","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008679363,"gmtCreate":1641438927789,"gmtModify":1676533615824,"author":{"id":"3586492916274801","authorId":"3586492916274801","name":"STSL","avatar":"https://static.tigerbbs.com/49e8aa4445808964ca4d2a2f3937956e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586492916274801","authorIdStr":"3586492916274801"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008679363","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008670369,"gmtCreate":1641438785475,"gmtModify":1676533615783,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582617881962608","authorIdStr":"3582617881962608"},"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008670369","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008646859,"gmtCreate":1641437613781,"gmtModify":1676533615685,"author":{"id":"3585634044713216","authorId":"3585634044713216","name":"Kong123","avatar":"https://community-static.tradeup.com/news/b98348643175392a7296a947f9f8739a","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":8,"crmLevelSwitch":0,"idStr":"3585634044713216","authorIdStr":"3585634044713216"},"htmlText":"Fierce","listText":"Fierce","text":"Fierce","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008646859","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008643495,"gmtCreate":1641437040621,"gmtModify":1676533615619,"author":{"id":"3583882434595540","authorId":"3583882434595540","name":"LISEE","avatar":"https://static.itradeup.com/news/04e6b0d792206cfd74830f2552f37288","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583882434595540","authorIdStr":"3583882434595540"},"htmlText":"omg","listText":"omg","text":"omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008643495","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":695696787,"gmtCreate":1641436729012,"gmtModify":1676532535753,"author":{"id":"3580704334567935","authorId":"3580704334567935","name":"whywhywhywhy","avatar":"https://static.tigerbbs.com/28195847b88a5c5115f0ab53d2eb35e7","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3580704334567935","authorIdStr":"3580704334567935"},"htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":15,"repostSize":0,"link":"https://ttm.financial/post/695696787","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7158294,"gmtCreate":1641436834745,"gmtModify":1663239410142,"authorId":3580704334567935,"author":{"id":3580704334567935,"idStr":"3580704334567935","authorId":3580704334567935,"name":"whywhywhywhy","avatar":"https://static.tigerbbs.com/28195847b88a5c5115f0ab53d2eb35e7","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695696787,"type":1,"supId":0,"prevId":0,"content":"[哇塞] [生病]","text":"[哇塞] [生病]","html":"[哇塞] [生病]"},{"id":7158295,"gmtCreate":1641436843972,"gmtModify":1663239409835,"authorId":3580704334567935,"author":{"id":3580704334567935,"idStr":"3580704334567935","authorId":3580704334567935,"name":"whywhywhywhy","avatar":"https://static.tigerbbs.com/28195847b88a5c5115f0ab53d2eb35e7","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695696787,"type":1,"supId":0,"prevId":0,"content":"[警告]","text":"[警告]","html":"[警告]"},{"id":7158359,"gmtCreate":1641437995380,"gmtModify":1663239409332,"authorId":3586255748151463,"author":{"id":3586255748151463,"idStr":"3586255748151463","authorId":3586255748151463,"name":"indietro_","avatar":"https://static.tigerbbs.com/caebb6c2a70cbd2db563a3808f3d7b22","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695696787,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":7158283,"gmtCreate":1641436768792,"gmtModify":1663239409146,"authorId":3580704334567935,"author":{"id":3580704334567935,"idStr":"3580704334567935","authorId":3580704334567935,"name":"whywhywhywhy","avatar":"https://static.tigerbbs.com/28195847b88a5c5115f0ab53d2eb35e7","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695696787,"type":1,"supId":0,"prevId":0,"content":"[白眼]","text":"[白眼]","html":"[白眼]"},{"id":7158278,"gmtCreate":1641436736139,"gmtModify":1663239408337,"authorId":3580704334567935,"author":{"id":3580704334567935,"idStr":"3580704334567935","authorId":3580704334567935,"name":"whywhywhywhy","avatar":"https://static.tigerbbs.com/28195847b88a5c5115f0ab53d2eb35e7","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695696787,"type":1,"supId":0,"prevId":0,"content":"[害羞]","text":"[害羞]","html":"[害羞]"}],"langContent":"CN"},{"id":9008651441,"gmtCreate":1641435885586,"gmtModify":1676533615340,"author":{"id":"3584415246670106","authorId":"3584415246670106","name":"Oldie","avatar":"https://static.tigerbbs.com/09a7a0c9fe9b5b416d6f049746ddfa29","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584415246670106","authorIdStr":"3584415246670106"},"htmlText":"Back to reality","listText":"Back to reality","text":"Back to reality","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008651441","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008651053,"gmtCreate":1641435694436,"gmtModify":1676533615321,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3572923586954779","authorIdStr":"3572923586954779"},"htmlText":"High inflation is forcing Fed to pick up the pace for tapering and hike. The good job numbers and bull market are allowing Fed to implement these. We should be seeing Fed getting more hawkish for next few months. Until the market dip more, Powell should remain hawkish.","listText":"High inflation is forcing Fed to pick up the pace for tapering and hike. The good job numbers and bull market are allowing Fed to implement these. We should be seeing Fed getting more hawkish for next few months. Until the market dip more, Powell should remain hawkish.","text":"High inflation is forcing Fed to pick up the pace for tapering and hike. The good job numbers and bull market are allowing Fed to implement these. We should be seeing Fed getting more hawkish for next few months. Until the market dip more, Powell should remain hawkish.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008651053","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008659241,"gmtCreate":1641435489015,"gmtModify":1676533615282,"author":{"id":"3574914526090483","authorId":"3574914526090483","name":"yeelyn18","avatar":"https://static.tigerbbs.com/ae47c3e96729c68a0234dd22850dfe69","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574914526090483","authorIdStr":"3574914526090483"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008659241","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008659107,"gmtCreate":1641435432109,"gmtModify":1676533615282,"author":{"id":"3583403892979837","authorId":"3583403892979837","name":"AhTong","avatar":"https://static.tigerbbs.com/6271e61474eeec93d63201296d59cb72","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583403892979837","authorIdStr":"3583403892979837"},"htmlText":"Tarde with precaution","listText":"Tarde with precaution","text":"Tarde with precaution","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008659107","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008627229,"gmtCreate":1641435133179,"gmtModify":1676533615227,"author":{"id":"4091244300202810","authorId":"4091244300202810","name":"大赢家 BIG WINNER","avatar":"https://static.tigerbbs.com/59a385c79fcea7906bfceb7d654366cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4091244300202810","authorIdStr":"4091244300202810"},"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008627229","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":695606541,"gmtCreate":1641435022524,"gmtModify":1676532535463,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.itradeup.com/news/fad9f70abb174e3e09e4caf3f9c0c13a","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572043809285615","authorIdStr":"3572043809285615"},"htmlText":"Read","listText":"Read","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/695606541","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7158328,"gmtCreate":1641437293950,"gmtModify":1663239406846,"authorId":3584697624877811,"author":{"id":3584697624877811,"idStr":"3584697624877811","authorId":3584697624877811,"name":"Shinshinc","avatar":"https://static.tigerbbs.com/98e6d35ddaae02c25196a93f23dd3903","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695606541,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":9008626597,"gmtCreate":1641434482560,"gmtModify":1676533615146,"author":{"id":"3555967496683005","authorId":"3555967496683005","name":"hotwheels","avatar":"https://community-static.tradeup.com/news/c8429f5b1a56b87a4a6d6ef8452b459a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555967496683005","authorIdStr":"3555967496683005"},"htmlText":"higher inflation coming. Be prepared.&nbsp;","listText":"higher inflation coming. Be prepared.&nbsp;","text":"higher inflation coming. Be prepared.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008626597","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008626396,"gmtCreate":1641434452734,"gmtModify":1676533615137,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"US is taking advantage of USD as global reserve currency to print tens of trillions of dollars and exporting her inflation to other countries. US debt is hitting $31.4 trillion. Nevertheless, US continual abuses of mass QE, untra loose monetary policy&nbsp;and&nbsp;manipulation of&nbsp;exchange rates, over and over again, will surely come back to haunt her.","listText":"US is taking advantage of USD as global reserve currency to print tens of trillions of dollars and exporting her inflation to other countries. US debt is hitting $31.4 trillion. Nevertheless, US continual abuses of mass QE, untra loose monetary policy&nbsp;and&nbsp;manipulation of&nbsp;exchange rates, over and over again, will surely come back to haunt her.","text":"US is taking advantage of USD as global reserve currency to print tens of trillions of dollars and exporting her inflation to other countries. US debt is hitting $31.4 trillion. Nevertheless, US continual abuses of mass QE, untra loose monetary policy and manipulation of exchange rates, over and over again, will surely come back to haunt her.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008626396","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008667650,"gmtCreate":1641433527926,"gmtModify":1676533614993,"author":{"id":"4087537231786360","authorId":"4087537231786360","name":"土金水木火","avatar":"https://static.tigerbbs.com/b569dff568eac68113202875c896b710","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087537231786360","authorIdStr":"4087537231786360"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008667650","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008667928,"gmtCreate":1641433413774,"gmtModify":1676533615002,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008667928","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008662855,"gmtCreate":1641432967773,"gmtModify":1676533614930,"author":{"id":"4087545408973980","authorId":"4087545408973980","name":"ARIESan","avatar":"https://static.tigerbbs.com/ab7b9364a4791173d66fbb5fda8ef925","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087545408973980","authorIdStr":"4087545408973980"},"htmlText":"Bad news&nbsp;","listText":"Bad news&nbsp;","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008662855","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008662992,"gmtCreate":1641432907298,"gmtModify":1676533614955,"author":{"id":"3569644599778803","authorId":"3569644599778803","name":"Prosperity88","avatar":"https://static.tigerbbs.com/673e75041219828ee5fce0d5b00ebbfe","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3569644599778803","authorIdStr":"3569644599778803"},"htmlText":"Aaaaaaaaaaaaaaaaabbbbbbbbbbbbbbbaaaaaaaawwwwwawwßsswwwa","listText":"Aaaaaaaaaaaaaaaaabbbbbbbbbbbbbbbaaaaaaaawwwwwawwßsswwwa","text":"Aaaaaaaaaaaaaaaaabbbbbbbbbbbbbbbaaaaaaaawwwwwawwßsswwwa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008662992","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":695871465,"gmtCreate":1641432528395,"gmtModify":1676532535074,"author":{"id":"3572841098185467","authorId":"3572841098185467","name":"Chloe26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3572841098185467","authorIdStr":"3572841098185467"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/695871465","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7194954,"gmtCreate":1642686750198,"gmtModify":1663239580028,"authorId":3572841098185467,"author":{"id":3572841098185467,"idStr":"3572841098185467","authorId":3572841098185467,"name":"Chloe26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695871465,"type":1,"supId":0,"prevId":0,"content":"Noted","text":"Noted","html":"Noted"},{"id":7170629,"gmtCreate":1641909557798,"gmtModify":1663239462955,"authorId":3572841098185467,"author":{"id":3572841098185467,"idStr":"3572841098185467","authorId":3572841098185467,"name":"Chloe26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695871465,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":7158171,"gmtCreate":1641435071912,"gmtModify":1663239409832,"authorId":3582294650546658,"author":{"id":3582294650546658,"idStr":"3582294650546658","authorId":3582294650546658,"name":"AgnL","avatar":"https://static.tigerbbs.com/0708e94ff182a63b040869914f43d829","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695871465,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":9008663437,"gmtCreate":1641432468224,"gmtModify":1676533614851,"author":{"id":"3581947337293370","authorId":"3581947337293370","name":"Ku9787","avatar":"https://static.tigerbbs.com/673e038dbe2974017866e5beb5d79032","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3581947337293370","authorIdStr":"3581947337293370"},"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008663437","repostId":1145850594,"repostType":4,"repost":{"id":"1145850594","pubTimestamp":1641422572,"share":"https://ttm.financial/m/news/1145850594?lang=&edition=fundamental","pubTime":"2022-01-06 06:42","market":"us","language":"en","title":"Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown","url":"https://stock-news.laohu8.com/highlight/detail?id=1145850594","media":"Bloomberg","summary":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ run","content":"<html><head></head><body><ul><li>Report offers more details on FOMC debate over inflation pivot</li><li>Some officials favor ‘significant’ runoff of balance sheet</li></ul><p>Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.</p><p>“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.</p><p>“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.</p><p><img src=\"https://static.tigerbbs.com/1c0e66e6c9637acf2cba5bbb5b6f519e\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.</p><p>At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.</p><blockquote>“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”</blockquote><blockquote>-- Anna Wong, chief U.S. economist</blockquote><p>Fed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.</p><p>The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.</p><p>Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”</p><p><img src=\"https://static.tigerbbs.com/3b79c6d9533c369237fb3ca28a5d3243\" tg-width=\"1227\" tg-height=\"603\" width=\"100%\" height=\"auto\"/></p><p>“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”</p><p>Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.</p><p>At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.</p><p><b>Omicron Impact</b></p><p>Rising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.</p><p>Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.</p><p>Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.</p><p>This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.</p><p>In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”</p><p>The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.</p><p>There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.</p><p>A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.</p><p>“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-01-05/fed-minutes-flag-chance-of-earlier-hikes-balance-sheet-rundown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145850594","content_text":"Report offers more details on FOMC debate over inflation pivotSome officials favor ‘significant’ runoff of balance sheetFederal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.“Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated,” according to minutes published Wednesday of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, when it pivoted to a more aggressive inflation-fighting stance.“Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate,” the minutes said.The S&P 500 stock index extended declines following the release, falling 1.9% at the close, the biggest loss since November. Yields on 10-year Treasuries rose to as high as 1.7087%, a level last seen in April, and overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March.At the conclusion of the December meeting, the FOMC announced it would wind down the Fed’s bond-buying program at a faster pace than first outlined at the previous meeting in early November, citing rising risks from inflation. The new schedule puts the central bank on track to conclude purchases in March.“The minutes showed the FOMC is coalescing around the view the economy is ready for a broad-based removal of monetary accommodation, and the omicron variant is unlikely to slow it down. We think the risk of rate liftoff at the March meeting has increased substantially, and will be watching closely Fedspeak ahead of the January meeting for further indications.”-- Anna Wong, chief U.S. economistFed officials were also unanimous in expecting they would need to begin raising rates this year, according to anonymous projections published after the meeting. That marked a shift from the previous round of forecasts in September, which had shown the FOMC at the time was evenly divided on the question.The minutes stopped short of providing explicit guidance on the timing of liftoff following almost two years of near-zero borrowing costs.Neil Dutta, head of U.S. economics at Renaissance Macro, took the minutes as a sign that “the Fed is on a glide path to a March rate hike.”“That the Fed is signaling it might be appropriate to go sooner is them giving the go-ahead for a March hike,” Dutta said. “I expect them to announce the run-off before year end.”Fed Chair Jerome Powell, in a press conference following the December meeting, said recent inflation data informed the changes. U.S. consumer prices rose 6.8% in the 12 months through November, according to Labor Department figures, marking the fastest pace of increase in nearly four decades.At the time of the meeting in mid-December -- before the omicron variant had surged more widely throughout the U.S. -- Fed officials generally saw the strain as adding to inflation risks, according to the minutes.Omicron ImpactRising housing costs and rents, more widespread wage growth and more prolonged global supply bottlenecks, “which could be exacerbated by the emergence of the Omicron variant,” fueled changes to officials’ inflation outlooks, the minutes said.Since the meeting, omicron has spread rapidly throughout the country, disrupting airline travel and schools while also presenting challenges to restaurants and other businesses.Fed officials received a briefing from staff members on issues related to normalization of the central bank’s $8.8 trillion balance sheet. During the last rate-hike cycle in the 2010s, the Fed waited almost two years after liftoff to begin trimming assets.This time around, “participants judged that the appropriate timing of balance sheet runoff would likely be closer to that of policy rate liftoff than in the committee’s previous experience,” the minutes said.In addition, “some participants judged that a significant amount of balance sheet shrinkage could be appropriate over the normalization process.”The minutes suggest “fast and furious normalization” compared with the last round of balance-sheet runoff, said Omair Sharif, founder and president of Inflation Insights.There are still about four million fewer Americans working than before the pandemic began. The unemployment rate fell to 4.2% in November, well below the peak of 14.8% in April 2020 but still above the 3.5% rate that prevailed in February of that year.A Labor Department report on December employment due out Friday is expected to show employers added about 425,000 people to payrolls, while the unemployment rate fell to a new pandemic low of 4.1%, according to the median estimates of economists.“Acknowledging that the maximum level of employment consistent with price stability may evolve over time, many participants saw the U.S. economy making rapid progress toward the committee’s maximum-employment goal,” the minutes said. “Several participants viewed labor market conditions as already largely consistent with maximum employment.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1145,"commentSize":85,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}