UPDATE: Fed's Powell on housing says tightness is passing phenomenon, price increases unlikely to be sustained
Get Alerts GME Hot Sheet
Price: $12.79 -2.89%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: +57.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: +57.1%
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(Updated - January 27, 2021 3:13 PM EST)
(Updated - January 27, 2021 2:58 PM EST)
(Updated - January 27, 2021 2:56 PM EST)
(Updated - January 27, 2021 2:33 PM EST)
Fed's Powell Begins Press Conference
- Taken Forceful Actions
- Committed to Achieving Dual Mandate
- Resurgence in Virus weighing on economy and jobs
- pace of recovery has moderated
- Consumer spending on services remains low
- Path Ahead Highly Uncertain
- Unemployment remained elevated in December
- Consumer prices leveled out recently
- Inflation remains below 2% objective
- developments point to improved outlook for later in the year
- important to maintain anchored inflation expectations
- policy to remain accommodative until goals reached
- to maintain current bond purchases until substantial progress made
- Likely to take some time before substantial progress
- Fed's Powell Doesn't Comment on GameStop (NYSE: GME)
- We monitor financial conditions very broadly
- Fiscal response has been strong, sustained
- we are a long way from full recovery
- Congress, administration will decide on fiscal scope
- Powell asked about "bubble" says very appropriate for Fed to be highly accommodative
- Financial stability vulnerability overall moderate
- Asset prices recently driven by vaccines and fiscal policy, not monetary policy
- Connection between low interest rates and asset values is probably something that's not as tight as people think
- Will be patient when we see bumps in inflation
- Very unlikely that we'll see troubling inflation
- we're not going to adopt a formula on inflation
- New virus strains also pose risks to economy
- nothing more important to economy now than vaccination
- Fed not looking at raising margin requirements
- asked about potential taper tantrum, says tapering is premature
- Powell says it's premature to talks about exit, will communicate clearly well in advance
- Global disinflationary forces are still in effect
- on housing says tightness is passing phenomenon, price increases unlikely to be sustained
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