(Bloomberg) -- Federal Reserve Governor Christopher Waller said he still thinks the neutral interest rate is relatively low, though he warned that...
-- Federal Reserve Governor Christopher Waller said he still thinks the neutral interest rate is relatively low, though he warned that unsustainable fiscal spending could alter that trend.Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes
US central bankers have pointed to the longer run neutral rate, which economists refer to as “r-star,” as a central topic for policy discussion this year. Waller focused on the US 10-year Treasury yield as a proxy for r-star, and listed several trends that may have pushed it down:The liberalization of capital markets worldwide helped create more demand for safe, liquid assets such as Treasuries, pushing yields down
“I do not believe any of these factors can explain the possible recent increase in r-star, but some may conceivably be a contributing factor to an increase in r-star in the future,” Waller said.Stocks are stirring up something ahead of Friday's open. The Dow Jones Industrial Average hopes to recover from this week, capitalized by yesterday's losses, after it hit its 40,000 milestone.
The White House has made it clear in recent weeks that President Biden and his allies see the independence of the Federal Reserve as a 2024 campaign issue. The audience may not be swing voters.A high-yield TSX dividend stock is a buying opportunity for long-term investors. The post 1 Magnificent TSX Dividend Stock Down 9% to Buy and Hold Forever appeared first on The Motley Fool Canada.Almost 1.25 million Canadians will have to pay it at least once during their taxpaying lives.
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