U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, pending home sales, the monthly house price index, the weekly DOE energy stocks report, and the FOMC statement and Fed chairman press conference.
FORBES: Comex Gold Weaker On More Profit Taking, Consolidation
The Wednesday afternoon FOMC statement and Fed Chairman Bernanke press conference saw a downbeat assessment of the U.S. economy.
FORBES: Comex Gold, Silver Lower as U.S. Dollar Index Stronger, Crude Oil Sharply Lower
Remember, the Fed has the printing press and will print enough monies to cover losses.
Nor does Alan Greenspan, the Fed chairman, hold on-the-record press briefings to explain what the Fed is up to.
The FOMC meeting ends on Thursday afternoon with Fed Chairman Bernanke holding a press conference.
FORBES: Comex Gold Ends Slightly Lower on Profit Taking, Position Evening as FOMC Looms
The FOMC meeting starts on Wednesday and ends on Thursday with Fed Chairman Bernanke holding a press conference.
FORBES: Gold Firmer amid Consolidation; Key Events This Week Awaited
The market place anxiously awaits the outcome of the U.S. Federal Reserve FOMC meeting and following press conference from Fed Chairman Ben Bernanke Wednesday afternoon.
David Jones, an economist who has written two books on Greenspan's Fed, told The Associated Press he thought it was obvious Greenspan was moving quickly to "mend fences" with Lott.
In his post-FOMC press conference, Fed Chairman Ben Bernanke defended his policy of open-ended asset purchase s, dubbed QE4, and explained the benefits of their new, outcome-based guidance.
FORBES: Bernanke: Fed Could Unleash More QE If We Go Over The Fiscal Cliff
The Bright Young People live on, if only as social shorthand, because so much of their partying and preening was refracted in the press, who fed off the novelty and exoticism as vampires might a warm vein.
The Fed will not be holding a press conference on Wednesday, as they only hold one once every quarter.
Then, Fed Chairman Bernanke will hold a press conference after the FOMC statement.
FORBES: Comex Gold Weaker On More Profit Taking, Consolidation
The stock market was little affected by the Fed release, ahead of a press conference from Bernanke, holding its pre-statement gains.
FORBES: Fed Still Coasting: No Plan To Change Policy Until Jobs Outlook Improves
If anything, Bernanke said in his subsequent press conference, the Fed could taper the program were it warranted by improving economic conditions.
FORBES: Bernanke Backs Bulls: Stocks Swing Higher, Fed Stands Pat
Mr Trichet's press conferences and the Fed's post-meeting statements are other examples.
Beyond that, all the Fed can do is to issue press releases.
FORBES: Scott Sumner's NGDP Targeting Is Not The Answer To Our Monetary Woes
Fed Chairman Bernanke was holding a press conference after the meeting.
FORBES: Comex Gold Ends Higher on Bargain Hunting, Safe-Haven Demand; FOMC Results A Non-Event
Fed Chairman Bernanke will hold a press conference after the meeting.
FORBES: Comex Gold Higher on Bargain Hunting, Safe-Haven Demand
Bretton Woods thinks the printing press will slow at the Fed in the second or third quarters.
Another historic event occurred since our last issue: the first ever press conference held by a Fed chairman since the Fed was founded in 1913.
And Chairman Bernanke admitted in his press conference yesterday that the Fed is targeting the stock market as a large part of its effort to improve the employment picture.
Fed Chairman Ben Bernanke will now hold a press conference early Thursday afternoon.
FORBES: Comex Gold Powers to 6-Mo. High on QE3 from U.S. Federal Reserve
That was brought into sharp focus Thursday when South Korean President Lee Myung-bak, host of the G-20 summit, was asked at a press conference about the impact of the Fed's decision.
Brent Nutt told the Associated Press that while those on board were being fed, his wife, a passenger, told him the vessel was becoming increasingly dirty.
From April 27th the Fed will copy the practice of other central banks and hold press conferences.
ECONOMIST: Ignore the hawkish rhetoric. The Fed isn��t about to tighten
With markets at a crossroads, Fed Chairman Ben Bernanke will give his second post-FOMC meeting press conference at 2:15 p.m.
FORBES: Bernanke's Press Conference: Another Jackson Hole Moment?
But the press conferences will also enable Mr Bernanke to control the Fed's message before a colleague with more quixotic views excites the markets.
ECONOMIST: Ignore the hawkish rhetoric. The Fed isn��t about to tighten
This meeting will feature a press conference from Chairman Ben Bernanke and market participants will look for more forward guidance on Fed policy, particularly after stronger-than-expected housing and jobs data.
FORBES: METALS OUTLOOK: Gold Market Will Watch Equities, FOMC Meeting
"If I am confirmed by the Senate I will do everything in my power, in collaboration with my Fed colleagues to help assure the continued prosperity and stability of the American economy, " Bernanke told the press gathering.
应用推荐