(Reuters) – The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. The Fed said that starting on June 1 it was reducing the cap on […]
By Michael S. Derby (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday the day is swiftly approaching when the central bank will slow the pace of its balance sheet run-off, and in moving toward a taper of the drawdown, it may allow the central bank to ultimately shed more bonds than it once […]
Drew Angerer/Getty Images Stocks are vulnerable to a 5% “air-pocket drawdown” as traders short volatility, Sevens Report Research said. VIX futures contract expirations recently started having a bigger impact on the S&P 500, reminiscent of 2018’s “Volmageddon” episode. “These expirations will remain dates to keep in mind as the threat of volatility will be elevated […]