Free Trial

Highlights of Richmond Fed Pres. Barkin's.......>

FED
FED: Highlights of Richmond Fed Pres. Barkin's talk to Charlotte Region business
community: 
* See slow uneven recovery. Next six weeks of data fundamental to shape of
recovery. Looking at initial jobless claims, credit card usage, reservations
data to gauge consumer activity in real time. 
* 75%+ of Fed corporate bond purchases are intended to be investment grade debt.
Buying some high-yield debt is intended to help "settle" that market, will see
if that works out. 
* CARES Act passed at a time when sharp recovery was contemplated. Some of the
programs won't be sufficient. 
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.