US Fed Announcement
It's a tool the FOMC uses to communicate with investors about monetary policy. It contains policy decisions and commentary about economic conditions that impact their decisions;
In addition to the scheduled FOMC statements, the Fed releases various unscheduled statements - these statements are grouped under this event;
- History
| Expected Impact / Date | Description |
|---|---|
| Mar 19, 2023 | Fed releases a joint statement the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank announced a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements; |
| Mar 12, 2023 | Fed releases a joint statement with the Department of the Treasury and the Federal Deposit Insurance Corporation announcing decisive actions to protect the US economy by strengthening public confidence in the banking system; |
| Mar 19, 2021 | Fed announces that the temporary change to its supplementary leverage ratio (SLR) for bank holding companies will expire as schedule; |
| Oct 30, 2020 | Fed announces adjustments the terms of the Main Street Lending Program; |
| Jul 28, 2020 | Fed announces the extension through Dec 2020 of its lending facilities that were scheduled to expire around Sep 2020; |
| Jun 15, 2020 | Fed announces updates to the Secondary Market Corporate Credit Facility, which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers; |
| Apr 30, 2020 | Fed announces it is expanding the scope and eligibility for the Main Street Lending Program; |
| Apr 9, 2020 | Fed announces additional actions to provide up to $2.3 trillion in loans to support the economy; |
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- US Fed Announcement News
From federalreserve.gov|Mar 19, 2023The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April. The network of swap lines among these central banks is a set of available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to mitigate the effects of such strains on the supply of credit to households and businesses. US FEDERAL RESERVE: THE SWAP LINES HELP TO ALLEVIATE PRESSURES ON THE AVAILABILITY OF CREDIT TO HOUSEHOLDS AND BUSINESSES. US FEDERAL RESERVE: DAILY OPERATIONS WILL BEGIN ON MONDAY AND WILL LAST AT LEAST UNTIL THE END OF APRIL.
From fxempire.com|Mar 19, 2023First, I think there are opportunities here as stocks appear to be pricing in lending stress, but otherwise, falling rates tend to auger well for stocks over the long run. If economic growth remains healthy, a big if, mind you, stocks could eventually flourish. From a trading perspective, am I buying out of the gates tomorrow? No, it was a Friday singe fest on my reversion strategies, as recent rate volatility has been more challenging on both algorithmic and manual playbooks. What a difference a week makes. The FOMC enters this ...
From channelnewsasia.com|Mar 12, 2023|3 commentsThe U.S. dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank, with investors hoping the Federal Reserve will take a less aggressive monetary path. The U.S. government announced several measures early on Monday Asian hours, and said all SVB customers will have access to their deposits starting on Monday. Officials also said depositors of New York's Signature Bank, which was closed Sunday by the New York state financial regulator, would also be made whole at no loss to the ...
From zerohedge.com|Mar 12, 2023|2 commentsWho could have seen that coming? Amid hawkish 50bps hike threats and ongoing QT, Jerome Powell and his cronies ride in to the rescue with a new "tool" to save the billionaire tech depositors at SVB (and Signature Bank...and well basically any other bank). The reaction in markets is dramatic, with expectations for The Fed's rate-trajectory collapsing... chart The terminal rate has plunged from September 2023 at 5.70% on Wednesday to June 2023 at 5.15%, and expectations for rate-cuts in H2 2023 are soaring... chart The odds of a ...
From fxstreet.com|Mar 12, 2023Gold Price (XAU/USD) pares the daily gains as it retreats from the highest levels in five weeks, marked earlier in the day, to $1,885 by the press time of the early Asian session on Monday. In doing so, the precious metal struggles to extend the previous two-week uptrend as the United States Treasury Department and Federal Reserve (Fed) take action to defend the financial market crisis risk emanating from Silicon Valley Bank. That said, the XAU/USD ignored better than forecast US Nonfarm Payrolls (NFP) to renew the one-month high, ...
From @fxmacro|Mar 12, 2023|7 commentsFED: BTFP IS BIG ENOUGH TO COVER ALL US UNINSURED DEPOSITS Federal Reserve: Bank Term Funding Program Is Big Enough To Cover All US Uninsured Deposits - Acting As Lender Of Last Resort, No One Getting Bailed Out - New Facility Designed To Prevent Treasury Firesales - Emergency Facility Was Approved Unanimously By Board FEDERAL RESERVE OFFICIALS: THE TWO FAILED BANKS' OWNERS WILL LOSE THEIR INVESTMENTS. Federal reserve officials: there is no definitive figure for what will be available in facility lending; the goal is to meet bank liquidity demand as it arises. FEDERAL RESERVE OFFICIALS: SYSTEMIC RISK WAS PERCEIVED AS A THREAT IN TODAY'S FRAGILE FINANCIAL MARKETS.
From cnbc.com|Mar 12, 2023Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank , a critical step in stemming a feared panic over the collapsed tech-focused institution. Regulators said depositors at both SVB and Signature Bank in New York, which also has been closed, will have full access to their deposits. The Treasury Department said it approved of plans that would unwind both institutions “in a manner that fully protects all depositors.” Those with money at the bank will have full access starting Monday. The ...
From federalreserve.gov|Mar 12, 2023|11 commentsThe following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth. After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer. Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law. Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. US FEDERAL RESERVE AND TREASURY: THE TAXPAYER WILL BEAR NO LOSSES ASSOCIATED WITH THE RESOLUTION OF SILICON VALLEY BANK. U.S. FEDERAL RESERVE AND TREASURY: TODAY'S ACTIONS DEMONSTRATE U.S. COMMITMENT TO TAKE 'NECESSARY STEPS' TO ENSURE THAT DEPOSITORS' SAVINGS REMAIN SAFE US FEDERAL RESERVE: USING THE EXCHANGE STABILISATION FUND, THE TREASURY DEPARTMENT WOULD PROVIDE $25BLN IN CREDIT PROTECTION TO THE FEDERAL RESERVE BANKS IN CONNECTION WITH THE BANK TERM FUNDING PROGRAMME.
| Released on Mar 19, 2023 |
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| Released on Mar 12, 2023 |
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