Page 104 - Us Federal Reserve
Gold falls on profit-booking, but economic downturn fears limit losses
Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.
 "Gold falls on profit-booking, but economic downturn fears limit losses")
The wrong diagnosis
Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences
 "The wrong diagnosis")
US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts
U.S. central bank says it would work through banks to offer four-year loans to companies of up to 10,000 employees and directly buy the bonds of states.
 "US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts")
Covid-19 woes: With businesses shut, Fed policymakers see slow US recovery
Richmond Federal Reserve Bank President Thomas Barkin said success of any recovery would hinge on consumers being reassured by businesses, particularly in the service sector, that they will be safe
 "Covid-19 woes: With businesses shut, Fed policymakers see slow US recovery")
How gold holdings can ease credit flows
If gold held by the top 30% of Indian households can be mobilised, it can be used for dollar swaps, while depositors could be provided low-cost credit for longer tenures
 "How gold holdings can ease credit flows")
Can we stop the clock?
To minimise economic damage during the lockdown, focus on cash flows, promise of growth
 "Can we stop the clock?")
Toward a coherent strategy for Covid-19
Having a strategy is essential. But equally important is that the strategy accurately describe the economic problem at hand
The Morning After
Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter
 "The Morning After")
RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut
The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target
 "RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut")
Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%
The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931
 "Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%")
Exceptional crisis, exceptional responses
Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.
 "Exceptional crisis, exceptional responses")
Indian stocks set to gain on Fed boost after logging worst single-day fall
On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar
 "Indian stocks set to gain on Fed boost after logging worst single-day fall")
Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%
The Dow Jones Industrial Average <.DJI> dropped 3.12% to end at 18,576.04 points, while the S&P 500 <.SPX> lost 2.96% to 2,236.7
 "Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%")
Federal Reserve aims 'bazooka' to backstop coronavirus-hit economy
Nearly a third of the US population has been urged to stay indoors and authorities have mandated the shutdown of large parts of the service sector to keep people safe
 "Federal Reserve aims 'bazooka' to backstop coronavirus-hit economy")
Wall Street plunges as Federal Reserve fails to allay coronavirus worries
More states under lockdown raise fears of hit to economy
 "Wall Street plunges as Federal Reserve fails to allay coronavirus worries")
US Fed announces more measures to ease dollar crunch, liquidity strains
The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.
 "US Fed announces more measures to ease dollar crunch, liquidity strains")
Market Ahead, March 20: Top factors that could guide markets today
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
 "Market Ahead, March 20: Top factors that could guide markets today")
Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps
The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function
 "Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps")
Covid-19 hit US economy already in recession: BofA; pegs job loss at 3.5 mn
US Federal Reserve urged not to restrict the quantum of stimulus measures
US Federal Reserve moves to ensure liquidity in money market mutual funds
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds