Wednesday preview: US Federal Reserve in focus
By Alexander Bueso
Date: Tuesday 28 Jan 2020
(Sharecast News) - The focus on Wednesday will be firmly on the US central bank and what it might have to say regarding its ongoing purchases of very short-term Treasury bills.
In October, the Federal Reserve announced its decision to begin purchasing $60.0bn a month in so-called T-bills until April.
Although at the time Fed chairman Jerome Powell argued that those purchases were not quantitative easing, during the previous week one top official, the head of the Dallas Fed, said he believed those purchases were having some effect.
And since October, the monthly performance of various asset classes had been similar to that under QE-2 and QE-3, said Morgan Stanley.
"All this means that any comments on the balance sheet from the Fed when it meets next week could carry outsized importance," they said in a research note sent to clients dated 27 January.
No major economic releases were scheduled in the UK.
Wednesday January 29
INTERIMS
Hargreaves Services
INTERIM DIVIDEND PAYMENT DATE
Amigo Holdings
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
GFK Consumer Confidence (GER) (07:00)
M3 Money Supply (EU) (09:00)
MBA Mortgage Applications (US) (12:00)
Pending Homes Sales (US) (15:00)
SPECIAL DIVIDEND PAYMENT DATE
Prime People
AGMS
Proactis Holdings, Red Rock Resources, Renew Holdings, Tharisa (DI), Virgin Money UK
UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)
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