News Regulators 

Fed to release January meeting minutes as scheduled Wednesday despite winter storm

“Eastern Wednesday, despite the fact that the central bank’s Washington headquarters will be closed due to a winter storm” reports marketwatch.com. Fed officials have signaled they intend to hold rates steady for the next few meetings.Within the minutes, economists have said they are looking for more details of the central bank’s plan for shrinking of the balance sheet and which economic factors may lead the central bank to adjust interest rates this year. Source: marketwatch.com

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Futures Markets News Regulators Stocks 

Dow futures point to slightly lower open amid US-China trade talks; Fed minutes due

“U.S. stock index futures were mixed Wednesday morning, with market participants monitoring the latest round of trade talks between the world’s two largest economies” writes Sam Meredith for cnbc.com. ET, Dow Jones Industrial Average futures were 19 points lower, indicating a negative open of more than 21 points.A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve the long-running trade war before an early March deadline. Source: cnbc.com

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News Regulators 

U.S. consumers forecast more spending than a year ago: NY Fed

“NEW YORK (Reuters) – U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday” reports businessinsider.com. Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer Expectations conducted in December showed. Source: businessinsider.com

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Markets News Regulators 

Fed Chairman Concerned Over Shrinking Bank Market

“Reports said Powell noted that looser community bank regulations may help keep branches open” reports pymnts.com. That may be good news for banks, but some policymakers are concerned that industry consolidation is reducing access to financial services in rural areas.He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.Bank mergers aren’t the only factor behind closing bank branches, however.As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital…

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News Regulators Reviews 

Policy Daily Review February 18, 2019

Policy Daily Review for February 18, 2019 Two words in Facebook’s latest regulatory filing shows how worried the company is about what it’s doing to people For the first time ever, Facebook has acknowledged that concerns about users well-being could hurt its business.   Trump signs spending bill, averting partial government shutdown President Donald Trump on Friday signed a spending bill for government agencies that will avert a partial shutdown just after midnight. The bill also   European bank stocks rally as ECB considers restarting stimulus mechanism Correction: Due to…

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Markets News Regulators Stocks 

As Wall Street rallies on US-China trade hopes, bond investors may be worried about a recession

“However, the bond market is a different story” writes Patti Domm for cnbc.com. “The bond market is betting we are not going to see stabilization of growth, and that the China trade war drags on.”. But when you look at the bond market, Treasury yields remain surprisingly low, reflecting fears about a weakening economy and lingering uncertainty.The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings.Buyers have been jumping into both markets, and the broader stock…

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Markets News Regulators 

The Fed could move markets this week when it tells us what it was thinking at the January meeting

“In what felt like an about face from its December meeting, Powell also emphasized that the Fed would be flexible with its balance sheet” writes Yuri Gripas for cnbc.com. Stocks were higher in the past week, even with Thursday’s sell off on stunningly weak December retail sales data.The Fed calmed the markets in late January when it said it could stop raising interest rates, but investors are watching the release of its meeting minutes for any sign the Fed could veer off its easy path.There could be discussion in the…

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News Regulators 

Fed policymakers see one U.S. rate hike, or none, as growth slows

“In December, when the Fed raised interest rates a fourth time that year, most Fed policymakers penciled in two more rate hikes for this year” reports businessinsider.com. This week, as disappointing U.S. retail sales and industrial production data raised the prospect that the U.S. economy will slow more quickly than expected, three Fed policymakers gave an answer: one rate hike, or perhaps none at all.The first broad read of their views will come in March, when the Fed next releases forecasts for the economy and rates. Source: businessinsider.com

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Markets News Regulators Stocks 

Get used to wild swings for this stock market, and thank the Fed for that, says analyst

“Our call of the day, from Seema Shah, global investment strategist at Principal Global Investors, is less sanguine” writes Markets Reporter for marketwatch.com. A big data dump awaits, on the heels of that dismal retail sales data.Or, if the Fed was simply propping up markets, renewed fears of inflation and rising interest rates are likely.Shah worries that the market has swung from “excessively pessimistic to excessively optimistic,” and may be underestimating coming headwinds from a global slowdown.Investors have been haunted by three big themes this week: trade talks, U.S. politics…

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