3 ноября 2010 Архив Бегларян Григорий
По крайне мере такие выводы сделал на днях известный экономист, лауреат премии Нобеля по экономике, господин Robert Mundell.По его мнению, если ФРС будет бесконечно наращивать свои программы количественного смягчения, это неизбежно будет давить на курс доллара, что соответственно приведет к росту европейской валюты.Учитывая, что Европейский ЦБ вряд ли пойдет на аналогичные меры по дальнейшему смягчению своей денежно-кредитной политики, обменный курс евро к доллару может оказаться гораздо выше текущих показателей.В этом случае европейским финансовым властям будет практически нечего противопоставить укреплению своей валюты.
Учитывая, что подавляющее большинство стран Европейского союза испытывают проблемы из-за слишком высокого уровня долговой нарузки, что вынуждает власти сокращать расходы где только возможно, и это уже действует депрессивно на темпы экономического роста в этих странах.Между тем, этим странам как раз жизненно необходима слабая валюта, а из-за действий ФРС и его QE получается все наоборот.Господин Robert Mundell много ругал руководство Федерального Резерва, благо такая возможность у него была.В Пекине сейчас проходит форум, организованный Bank of America-Merrill Lynch, господин Mundell назвал своих американских коллег-монетаристов «финансовыми террористами», так как программа количественного смягчения вполне может оказаться сродни «грязной атомной бомбе».
ЧЛЕНЫ FOMC ФЕДЕРАЛЬНОГО РЕЗЕРВА США
Тут надо сказать, что господин Mundell по всей видимости имел в виду одну историю, когда некая группа террористов (в данном случае самых, что ни на есть настоящих) шантажировала политиков взорвать это оружие, если не будет заплачен выкуп.Честно говоря я сейчас не помню, когда и где, подобная история имела место, но в Голливуде в свое время был снят фильм на эту тему, который был основан на реальных событиям.В любом случае, сравнение чиновников из Федерального Резерва с террористами, прямо скажем весьма «меткое» замечание от такого ученого «сухаря» как господин Mundell.Ведь далее по смыслу, учитывая те самые аналогии с настоящими террористами, надо требовать выкуп.В данном случае, этот нобелевский лауреат обозначил этот казус, как плату или налог, который берет и будет брать с мировой экономики, американский Федрезерв.Форма налога — обесценивание стоимости доллара США, который держат в качестве резервов мировые правительства.Тут напрашивается и еще одно сходство с терроризмом, когда в качестве альтернативы(не взрывать бомбу или постоянно шантажировать деньгами) мировым правительствам предложено резко ревальвировать свои валюты, чтобы Америка могла решить свои внутренние проблемы за счет остального мира, под предлогом борьбы с дисбалансами
ALEA IACTA EST (ЖРЕБИЙ БРОШЕН):РЕСПУБЛИКАНЦЫ ВЗЯЛИ КОНГРЕСС И "ОБЛОЖИЛИ" СЕНАТ
Хотя выборы законодателей прошли не у нас в России, а далеко за океаном, тем не менее, теперь нам придется очень часто следить за ходом того или иного голосования по законопроектам, от которых возможно будет завситеть и ситуация на отечественном финансовом рынке и экономике.Поэтому, как говорится,«своих» надо знать в лицо.Предлагаю подробную иллюстративную подборку ситуации в американском Сенате и расклад сил в Конгресс, посде выборов 2 ноября 2010 года.Вполне возомжно, что этот день когда нибудь нам запомнится.Мы об этом когда нибудь еще вспомним.Причина… найдется
КТО ЕСТЬ КТО В НОВОМ СОСТАВЕ СЕНАТА США
ФЕДЕРАЛЬНЫЙ РЕЗЕРВНЫЙ БАНК НЬЮ-ЙОРКА:ПРИЛОЖЕНИЕ К РЕШЕНИЮ FOMC ФРС США
On November 3, 2010, the Federal Open Market Committee (FOMC) decided to expand the Federal Reserve’s holdings of securities in the System Open Market Account (SOMA) to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate. In particular, the FOMC directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase an additional $600 billion of longer-term Treasury securities by the end of the second quarter of 2011.
The FOMC also directed the Desk to continue to reinvest principal payments from agency debt and agency mortgage-backed securities into longer-term Treasury securities. Based on current estimates, the Desk expects to reinvest $250 billion to $300 billions over the same period, though the realized amount of reinvestment will depend on the evolution of actual principal payments.
Taken together, the Desk anticipates conducting $850 billion to $900 billion of purchases of longer-term Treasury securities through the end of the second quarter. This would result in an average purchase pace of roughly $110 billion per month, representing about$75 billion per month associated with additional purchases and roughly $35 billion per month associated with reinvestment purchases.
The Desk plans to distribute these purchases across the following eight maturity sectors based on the approximate weights below:
Under this distribution, the Desk anticipates that the assets purchased will have an average duration of between 5 and 6 years. The distribution of purchases could change if market conditions warrant, but such changes would be designed to not significantly alter the average duration of the assets purchased.
To provide operational flexibility and to ensure that it is able to purchase the most attractive securities on a relative-value basis, the Desk is temporarily relaxing the 35 percent per-issue limit on SOMA holdings under which it has been operating. However, SOMA holdings of an individual security will be allowed to rise above the 35 percent threshold only in modest increments.
Purchases associated with balance sheet expansion and those associated with principal reinvestments will be consolidated into one set of operations to be announced under the current monthly cycle. On or around the eighth business day of each month, the Desk will publish a tentative schedule of purchase operations expected to take place through the middle of the following month, as well as the anticipated total amount of purchases to be conducted over that period. The schedule will include a list of operation dates, settlement dates, security types to be purchased (nominal coupons or TIPS), the maturity date range of eligible issues, and an expected range for the size of each operation.
The Desk expects to conduct the November 4 and November 8 purchase operations that were announced on October 13, and it plans to publish its first consolidated monthly schedule on November 10 at 2:00 p.m.
Purchases will be conducted with the Federal Reserve’s primary dealers through a series of competitive auctions operated through the Desk’s FedTrade system. Consistent with current practices, the results of each operation will be published on the Federal Reserve Bank of New York’s website shortly after each purchase operation has concluded. In order to ensure the transparency of our purchase operations, the Desk will also begin to publish information on the prices paid in individual operations at the end of each monthly calendar period, coinciding with the release of the next period’s schedule.
РЕШЕНИЕ FOMC ФЕДЕРАЛЬНОГО РЕЗЕРВА США:ТЕКСТ ЗАЯВЛЕНИЯ
21:16 03Nov10 RTRS-FEDERAL RESERVE SAYS WILL BUY FURTHER $600 BLN OF LONGER-TERM TREASURIES BY END OF Q2 2011, ABOUT $75 BLN A MONTH
21:16 03Nov10 RTRS-FED SAYS TO REGULARLY REVIEW PACE OF PURCHASES, OVERALL SIZE OF PURCHASE PROGRAM, WILL ADJUST AS NEEDED
21:16 03Nov10 RTRS-NY FED SAYS ANTICIPATES INCLUDING REINVESTMENT OF MATURING SECURITIES, TOTAL PURCHASES LIKELY TO BE $850 BLN TO $900 BLN THROUGH END OF Q2
21:16 03Nov10 RTRS-NY FED SAYS ALL TOLD, EXPECTS AVG MONTHLY PURCHASES OF $110 BLN ($75 BLN ADDITIONAL PURCHASES, ROUGHLY $35 BLN IN REINVESTMENT)
21:16 03Nov10 RTRS-NY FED SAYS ANTICIPATES ASSETS PURCHASED WILL HAVE AVG DURATION OF BETWEEN 5 AND 6 YEARS, DISTRIBUTION DEPENDS ON MARKET CONDITIONS
21:16 03Nov10 RTRS-NY FED SAYS TEMPORARILY RELAXING 35 PCT PER ISSUE LIMIT ON OPEN MARKET HOLDINGS, INDIVIDUAL SECURITIES WILL BE ALLOWED TO EXCEED THRESHOLD ONLY MODESTLY
21:16 03Nov10 RTRS-NY FED SAYS PLANS TO PUBLISH FIRST CONSOLIDATED MONTHLY SCHEDULE 2 PM (1900 GMT) ON NOV 10
21:16 03Nov10 RTRS-FED REPEATS TO KEEP RATES EXCEPTIONALLY LOW FOR AN EXTENDED PERIOD, KEEPS FED FUNDS RATE IN ZERO TO 0.25 PCT RANGE
21:16 03Nov10 RTRS-FED SAYS VOTE ON POLICY WAS 10-1; WITH HOENIG DISSENTING
21:16 03Nov10 RTRS-FED SAYS HOENIG BELIEVED RISK OF ADDITIONAL SECURITIES PURCHASES OUTWEIGHED BENEFITS, SAW RISK OF IMBALANCES, INFLATION
21:16 03Nov10 RTRS-FED SAYS PACE OF RECOVERY, EMPLOYMENT CONTINUES TO BE SLOW, PROGRESS TOWARD FED OBJECTIVES 'DISAPPOINTINGLY SLOW'
21:16 03Nov10 RTRS-FED SAYS JOBLESS RATE ELEVATED, MEASURES OF UNDERLYING INFLATION 'SOMEWHAT LOW' RELATIVE TO MANDATE
21:16 03Nov10 RTRS-FED SAYS EXPANDING SECURITIES HOLDINGS OVER TIME TO PROMOTE STRONGER RECOVERY, ENSURE INFLATION AT LEVELS CONSISTENT WITH MANDATE
21:17 03Nov10 RTRS-RPT-TEXT-FOMC statement from Nov3 meeting
(Repeating to additional subscribers)
WASHINGTON, Nov 03 (Reuters) — Following is the Federal
Open Market Committee's statement on interest rate policy
issued at the close of its meeting on Wednesday:
«Information received since the Federal Open Market Committee
met in September confirms that the pace of recovery in output
and employment continues to be slow. Household spending is
increasing gradually, but remains constrained by high
unemployment, modest income growth, lower housing wealth, and
tight credit.
Business spending on equipment and software is
rising, though less rapidly than earlier in the year, while
investment in nonresidential structures continues to be weak.
Employers remain reluctant to add to payrolls. Housing starts
continue to be depressed.
Longer-term inflation expectations
have remained stable, but measures of underlying inflation have
trended lower in recent quarters. Consistent with its statutory
mandate, the Committee seeks to foster maximum employment and
price stability.
Currently, the unemployment rate is elevated,
and measures of underlying inflation are somewhat low, relative
to levels that the Committee judges to be consistent, over the
longer run, with its dual mandate.
Although the Committee
anticipates a gradual return to higher levels of resource
utilization in a context of price stability, progress toward
its objectives has been disappointingly slow. To promote a
stronger pace of economic recovery and to help ensure that
inflation, over time, is at levels consistent with its mandate,
the Committee decided today to expand its holdings of
securities.
The Committee will maintain its existing policy of
reinvesting principal payments from its securities holdings. In
addition, the Committee intends to purchase a further $600
billion of longer-term Treasury securities by the end of the
second quarter of 2011, a pace of about $75 billion per month.
The Committee will regularly review the pace of its securities
purchases and the overall size of the asset-purchase program in
light of incoming information and will adjust the program as
needed to best foster maximum employment and price stability.
The Committee will maintain the target range for the federal
funds rate at 0 to 1/4 percent and continues to anticipate that
economic conditions, including low rates of resource
utilization, subdued inflation trends, and stable inflation
expectations, are likely to warrant exceptionally low levels
for the federal funds rate for an extended period. The
Committee will continue to monitor the economic outlook and
financial developments and will employ its policy tools as
necessary to support the economic recovery and to help ensure
that inflation, over time, is at levels consistent with its
mandate.
Voting for the FOMC monetary policy action were: Ben
S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James
Bullard; Elizabeth A. Duke; Sandra Pianalto; Sarah Bloom
Raskin; Eric S. Rosengren; Daniel K. Tarullo; Kevin M. Warsh;
and Janet L. Yellen. Voting against the policy was Thomas M.
Hoenig. Mr. Hoenig believed the risks of additional securities
purchases outweighed the benefits. Mr. Hoenig also was
concerned that this continued high level of monetary
accommodation increased the risks of future financial
imbalances and, over time, would cause an increase in long-term
inflation expectations that could destabilize the economy.
ПЕРВЫЕ ЗАЯВЛЕНИЯ ПРЕДСТАВИТЕЛЕЙ РЕСПУБЛИКАНЦЕВ В КОНГРЕССЕ:ГОВОРИТ ЛИДЕР НОВОГО БОЛЬШИНСТВА В КОНГРЕССЕ BOEHNER
18:42 03Nov10 RTRS-LEADING REPUBLICAN SENATOR MITCH MCCONNELL SAYS TUESDAY'S ELECTION WAS A REFERENDUM ON THE OBAMA ADMINISTRATION, GOVERNMENT EXCESS
18:44 03Nov10 RTRS-MCCONNELL SAYS HOPES DEMOCRATS WILL WORK WITH REPUBLICANS ON DEFICIT REDUCTION, TRADE ISSUES, NUCLEAR POWER, CLEAN COAL
18:47 03Nov10 RTRS-US HOUSE REPUBLICAN LEADER BOEHNER SAYS SEES NO PROBLEM INCORPORATING MEMBERS OF TEA PARTY INTO REPUBLICAN-LED INITIATIVES
18:49 03Nov10 RTRS-BOEHNER SAYS AMERICAN PEOPLE WANT SMALLER, LESS COSTLY, MORE ACCOUNTABLE GOVERNMENT
18:50 03Nov10 RTRS-SEN. MCCONNELL SAYS NEEDS BIPARTISAN AGREEMENT ON SPENDING AND DEBT, ANTICIPATES ENOUGH DEMOCRATIC SUPPORT FOR THOSE ISSUES
18:52 03Nov10 RTRS-BOEHNER SAYS OPERATING UNDER THE 2008 LEVELS OF SPENDING IS A RESPONSIBLE WAY FORWARD
18:47 03Nov10 RTRS-BOEHNER SAYS EXTENDING ALL TAX CUTS IS RIGHT POLICY AT THIS TIME
18:53 03Nov10 RTRS-BOEHNER SAYS HEALTHCARE REFORM WILL KILL JOBS IN AMERICA, BANKRUPT THE COUNTRY, SAYS WILL TRY TO REPEAL AND REPLACE THE LAW
ПРОДАЖИ АВТОМОБИЛЕЙ HONDA В США ВЫРОСЛИ В ОКТЯБРЕ НА 16%
ПРОДАЖИ АВТОМОБИЛЕЙ CHRYSLER В США В ОКТЯБРЕ ВЫРОСЛИ НА 37%
ПРОДАЖИ АВТОМОБИЛЕЙ У GM НЕОЖИДАННО ВЫРОСЛИ НА 3.5% В ОКТЯБРЕ.РЫНОК ЖДАЛ ПАДЕНИЯ НА 6.3%
ОБВАЛЬНОЕ ПАДЕНИЕ ЦЕН НА ЗОЛОТО И СЕРЕБРО НАБЛЮДАЕТСЯ В ХОДЕ ТОРГОВ В НЬЮ-ЙОРКЕ
МИНЭНЕРГО США:ЗАПАСЫ СЫРОЙ НЕФТИ ВЫРОСЛИ,ЗАПАСЫ НЕФТЕПРОДУКТОВ УПАЛИ ЗА НЕДЕЛЮ
ПРОМЫШЛЕННЫЕ ЗАКАЗЫ В США В СЕНТЯБРЕ ВЫРОСЛИ НА 2.1%(Таблица компонентов)
ГОЛЛИВУД В ПЕЧАЛИ:METRO-GOLDWYN-MAYER ПОДАЕТ ИСК О БАНКРОТСТВЕ И УХОДИТ ПОД "11" ПАРАГРАФ
КОЛИЧЕСТВО СОКРАЩЕНИЙ ПЕРСОНАЛА В США В ОКТЯБРЕ ПО ДАННЫМ ИНСТИТУТА CHALLENGER(Таблица +График)
КОЛИЧЕСТВО НОВЫХ РАБОЧИХ МЕСТ В ЧАСТНОМ СЕКТОРЕ США В ОКТЯБРЕ ПО ДАННЫМ ADP:НОВЫХ МЕСТ ДОЛЖНО БЫТЬ СОЗДАНО 43 ТЫСЯЧИ(Таблица + График)
Economic data (US, OCT): ADP Employment Change out at 43 vs. 20K expected vs. -39K prior read
ИНДЕКС ИПОТЕЧНОГО КРЕДИТОВАНИЯ В США ЗА НЕДЕЛЮ УПАЛ НА 5%
ПАДЕНИЕ ЦЕН НА ДОЛГОВОМ РЫНКЕ "НЕНАДЕЖНОЙ" ЕВРОПЫ УСИЛИВАЕТСЯ.РАЗРЫВ В СТАВКЕ ДОХОДНОСТИ БУМАГ ИРЛАНДИИ И ГЕРМАНИИ ДОСТИГ РЕКОРДА
ГЕРМАНИЯ (ориентир по ставке доходности)
ИСПАНИЯ
ПОРТУГАЛИЯ
ИРЛАНДИЯ
ГРЕЦИЯ
РОЗНИЧНЫЕ ПРОДАЖИ В ШВЕЙЦАРИИ ВЫРОСЛИ В СЕНТЯБРЕ НА 3.8%
ДЕНЕЖНАЯ СИСТЕМА ЕВРОЗОНЫ:ИЗБЫТОЧНЫЕ РЕЗЕРВЫ НЕМНОГО ВЫРОСЛИ.СПРОС НА ОДНОДНЕВНЫЕ КРЕДИТЫ ВЫРОС РЕЗКО
/templates/new/dleimages/no_icon.gif (C) Источник
Не является индивидуальной инвестиционной рекомендацией
При копировании ссылка обязательна Нашли ошибку: выделить и нажать Ctrl+Enter
Учитывая, что подавляющее большинство стран Европейского союза испытывают проблемы из-за слишком высокого уровня долговой нарузки, что вынуждает власти сокращать расходы где только возможно, и это уже действует депрессивно на темпы экономического роста в этих странах.Между тем, этим странам как раз жизненно необходима слабая валюта, а из-за действий ФРС и его QE получается все наоборот.Господин Robert Mundell много ругал руководство Федерального Резерва, благо такая возможность у него была.В Пекине сейчас проходит форум, организованный Bank of America-Merrill Lynch, господин Mundell назвал своих американских коллег-монетаристов «финансовыми террористами», так как программа количественного смягчения вполне может оказаться сродни «грязной атомной бомбе».
ЧЛЕНЫ FOMC ФЕДЕРАЛЬНОГО РЕЗЕРВА США
Тут надо сказать, что господин Mundell по всей видимости имел в виду одну историю, когда некая группа террористов (в данном случае самых, что ни на есть настоящих) шантажировала политиков взорвать это оружие, если не будет заплачен выкуп.Честно говоря я сейчас не помню, когда и где, подобная история имела место, но в Голливуде в свое время был снят фильм на эту тему, который был основан на реальных событиям.В любом случае, сравнение чиновников из Федерального Резерва с террористами, прямо скажем весьма «меткое» замечание от такого ученого «сухаря» как господин Mundell.Ведь далее по смыслу, учитывая те самые аналогии с настоящими террористами, надо требовать выкуп.В данном случае, этот нобелевский лауреат обозначил этот казус, как плату или налог, который берет и будет брать с мировой экономики, американский Федрезерв.Форма налога — обесценивание стоимости доллара США, который держат в качестве резервов мировые правительства.Тут напрашивается и еще одно сходство с терроризмом, когда в качестве альтернативы(не взрывать бомбу или постоянно шантажировать деньгами) мировым правительствам предложено резко ревальвировать свои валюты, чтобы Америка могла решить свои внутренние проблемы за счет остального мира, под предлогом борьбы с дисбалансами
ALEA IACTA EST (ЖРЕБИЙ БРОШЕН):РЕСПУБЛИКАНЦЫ ВЗЯЛИ КОНГРЕСС И "ОБЛОЖИЛИ" СЕНАТ
Хотя выборы законодателей прошли не у нас в России, а далеко за океаном, тем не менее, теперь нам придется очень часто следить за ходом того или иного голосования по законопроектам, от которых возможно будет завситеть и ситуация на отечественном финансовом рынке и экономике.Поэтому, как говорится,«своих» надо знать в лицо.Предлагаю подробную иллюстративную подборку ситуации в американском Сенате и расклад сил в Конгресс, посде выборов 2 ноября 2010 года.Вполне возомжно, что этот день когда нибудь нам запомнится.Мы об этом когда нибудь еще вспомним.Причина… найдется
КТО ЕСТЬ КТО В НОВОМ СОСТАВЕ СЕНАТА США
ФЕДЕРАЛЬНЫЙ РЕЗЕРВНЫЙ БАНК НЬЮ-ЙОРКА:ПРИЛОЖЕНИЕ К РЕШЕНИЮ FOMC ФРС США
On November 3, 2010, the Federal Open Market Committee (FOMC) decided to expand the Federal Reserve’s holdings of securities in the System Open Market Account (SOMA) to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate. In particular, the FOMC directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase an additional $600 billion of longer-term Treasury securities by the end of the second quarter of 2011.
The FOMC also directed the Desk to continue to reinvest principal payments from agency debt and agency mortgage-backed securities into longer-term Treasury securities. Based on current estimates, the Desk expects to reinvest $250 billion to $300 billions over the same period, though the realized amount of reinvestment will depend on the evolution of actual principal payments.
Taken together, the Desk anticipates conducting $850 billion to $900 billion of purchases of longer-term Treasury securities through the end of the second quarter. This would result in an average purchase pace of roughly $110 billion per month, representing about$75 billion per month associated with additional purchases and roughly $35 billion per month associated with reinvestment purchases.
The Desk plans to distribute these purchases across the following eight maturity sectors based on the approximate weights below:
Under this distribution, the Desk anticipates that the assets purchased will have an average duration of between 5 and 6 years. The distribution of purchases could change if market conditions warrant, but such changes would be designed to not significantly alter the average duration of the assets purchased.
To provide operational flexibility and to ensure that it is able to purchase the most attractive securities on a relative-value basis, the Desk is temporarily relaxing the 35 percent per-issue limit on SOMA holdings under which it has been operating. However, SOMA holdings of an individual security will be allowed to rise above the 35 percent threshold only in modest increments.
Purchases associated with balance sheet expansion and those associated with principal reinvestments will be consolidated into one set of operations to be announced under the current monthly cycle. On or around the eighth business day of each month, the Desk will publish a tentative schedule of purchase operations expected to take place through the middle of the following month, as well as the anticipated total amount of purchases to be conducted over that period. The schedule will include a list of operation dates, settlement dates, security types to be purchased (nominal coupons or TIPS), the maturity date range of eligible issues, and an expected range for the size of each operation.
The Desk expects to conduct the November 4 and November 8 purchase operations that were announced on October 13, and it plans to publish its first consolidated monthly schedule on November 10 at 2:00 p.m.
Purchases will be conducted with the Federal Reserve’s primary dealers through a series of competitive auctions operated through the Desk’s FedTrade system. Consistent with current practices, the results of each operation will be published on the Federal Reserve Bank of New York’s website shortly after each purchase operation has concluded. In order to ensure the transparency of our purchase operations, the Desk will also begin to publish information on the prices paid in individual operations at the end of each monthly calendar period, coinciding with the release of the next period’s schedule.
РЕШЕНИЕ FOMC ФЕДЕРАЛЬНОГО РЕЗЕРВА США:ТЕКСТ ЗАЯВЛЕНИЯ
21:16 03Nov10 RTRS-FEDERAL RESERVE SAYS WILL BUY FURTHER $600 BLN OF LONGER-TERM TREASURIES BY END OF Q2 2011, ABOUT $75 BLN A MONTH
21:16 03Nov10 RTRS-FED SAYS TO REGULARLY REVIEW PACE OF PURCHASES, OVERALL SIZE OF PURCHASE PROGRAM, WILL ADJUST AS NEEDED
21:16 03Nov10 RTRS-NY FED SAYS ANTICIPATES INCLUDING REINVESTMENT OF MATURING SECURITIES, TOTAL PURCHASES LIKELY TO BE $850 BLN TO $900 BLN THROUGH END OF Q2
21:16 03Nov10 RTRS-NY FED SAYS ALL TOLD, EXPECTS AVG MONTHLY PURCHASES OF $110 BLN ($75 BLN ADDITIONAL PURCHASES, ROUGHLY $35 BLN IN REINVESTMENT)
21:16 03Nov10 RTRS-NY FED SAYS ANTICIPATES ASSETS PURCHASED WILL HAVE AVG DURATION OF BETWEEN 5 AND 6 YEARS, DISTRIBUTION DEPENDS ON MARKET CONDITIONS
21:16 03Nov10 RTRS-NY FED SAYS TEMPORARILY RELAXING 35 PCT PER ISSUE LIMIT ON OPEN MARKET HOLDINGS, INDIVIDUAL SECURITIES WILL BE ALLOWED TO EXCEED THRESHOLD ONLY MODESTLY
21:16 03Nov10 RTRS-NY FED SAYS PLANS TO PUBLISH FIRST CONSOLIDATED MONTHLY SCHEDULE 2 PM (1900 GMT) ON NOV 10
21:16 03Nov10 RTRS-FED REPEATS TO KEEP RATES EXCEPTIONALLY LOW FOR AN EXTENDED PERIOD, KEEPS FED FUNDS RATE IN ZERO TO 0.25 PCT RANGE
21:16 03Nov10 RTRS-FED SAYS VOTE ON POLICY WAS 10-1; WITH HOENIG DISSENTING
21:16 03Nov10 RTRS-FED SAYS HOENIG BELIEVED RISK OF ADDITIONAL SECURITIES PURCHASES OUTWEIGHED BENEFITS, SAW RISK OF IMBALANCES, INFLATION
21:16 03Nov10 RTRS-FED SAYS PACE OF RECOVERY, EMPLOYMENT CONTINUES TO BE SLOW, PROGRESS TOWARD FED OBJECTIVES 'DISAPPOINTINGLY SLOW'
21:16 03Nov10 RTRS-FED SAYS JOBLESS RATE ELEVATED, MEASURES OF UNDERLYING INFLATION 'SOMEWHAT LOW' RELATIVE TO MANDATE
21:16 03Nov10 RTRS-FED SAYS EXPANDING SECURITIES HOLDINGS OVER TIME TO PROMOTE STRONGER RECOVERY, ENSURE INFLATION AT LEVELS CONSISTENT WITH MANDATE
21:17 03Nov10 RTRS-RPT-TEXT-FOMC statement from Nov3 meeting
(Repeating to additional subscribers)
WASHINGTON, Nov 03 (Reuters) — Following is the Federal
Open Market Committee's statement on interest rate policy
issued at the close of its meeting on Wednesday:
«Information received since the Federal Open Market Committee
met in September confirms that the pace of recovery in output
and employment continues to be slow. Household spending is
increasing gradually, but remains constrained by high
unemployment, modest income growth, lower housing wealth, and
tight credit.
Business spending on equipment and software is
rising, though less rapidly than earlier in the year, while
investment in nonresidential structures continues to be weak.
Employers remain reluctant to add to payrolls. Housing starts
continue to be depressed.
Longer-term inflation expectations
have remained stable, but measures of underlying inflation have
trended lower in recent quarters. Consistent with its statutory
mandate, the Committee seeks to foster maximum employment and
price stability.
Currently, the unemployment rate is elevated,
and measures of underlying inflation are somewhat low, relative
to levels that the Committee judges to be consistent, over the
longer run, with its dual mandate.
Although the Committee
anticipates a gradual return to higher levels of resource
utilization in a context of price stability, progress toward
its objectives has been disappointingly slow. To promote a
stronger pace of economic recovery and to help ensure that
inflation, over time, is at levels consistent with its mandate,
the Committee decided today to expand its holdings of
securities.
The Committee will maintain its existing policy of
reinvesting principal payments from its securities holdings. In
addition, the Committee intends to purchase a further $600
billion of longer-term Treasury securities by the end of the
second quarter of 2011, a pace of about $75 billion per month.
The Committee will regularly review the pace of its securities
purchases and the overall size of the asset-purchase program in
light of incoming information and will adjust the program as
needed to best foster maximum employment and price stability.
The Committee will maintain the target range for the federal
funds rate at 0 to 1/4 percent and continues to anticipate that
economic conditions, including low rates of resource
utilization, subdued inflation trends, and stable inflation
expectations, are likely to warrant exceptionally low levels
for the federal funds rate for an extended period. The
Committee will continue to monitor the economic outlook and
financial developments and will employ its policy tools as
necessary to support the economic recovery and to help ensure
that inflation, over time, is at levels consistent with its
mandate.
Voting for the FOMC monetary policy action were: Ben
S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James
Bullard; Elizabeth A. Duke; Sandra Pianalto; Sarah Bloom
Raskin; Eric S. Rosengren; Daniel K. Tarullo; Kevin M. Warsh;
and Janet L. Yellen. Voting against the policy was Thomas M.
Hoenig. Mr. Hoenig believed the risks of additional securities
purchases outweighed the benefits. Mr. Hoenig also was
concerned that this continued high level of monetary
accommodation increased the risks of future financial
imbalances and, over time, would cause an increase in long-term
inflation expectations that could destabilize the economy.
ПЕРВЫЕ ЗАЯВЛЕНИЯ ПРЕДСТАВИТЕЛЕЙ РЕСПУБЛИКАНЦЕВ В КОНГРЕССЕ:ГОВОРИТ ЛИДЕР НОВОГО БОЛЬШИНСТВА В КОНГРЕССЕ BOEHNER
18:42 03Nov10 RTRS-LEADING REPUBLICAN SENATOR MITCH MCCONNELL SAYS TUESDAY'S ELECTION WAS A REFERENDUM ON THE OBAMA ADMINISTRATION, GOVERNMENT EXCESS
18:44 03Nov10 RTRS-MCCONNELL SAYS HOPES DEMOCRATS WILL WORK WITH REPUBLICANS ON DEFICIT REDUCTION, TRADE ISSUES, NUCLEAR POWER, CLEAN COAL
18:47 03Nov10 RTRS-US HOUSE REPUBLICAN LEADER BOEHNER SAYS SEES NO PROBLEM INCORPORATING MEMBERS OF TEA PARTY INTO REPUBLICAN-LED INITIATIVES
18:49 03Nov10 RTRS-BOEHNER SAYS AMERICAN PEOPLE WANT SMALLER, LESS COSTLY, MORE ACCOUNTABLE GOVERNMENT
18:50 03Nov10 RTRS-SEN. MCCONNELL SAYS NEEDS BIPARTISAN AGREEMENT ON SPENDING AND DEBT, ANTICIPATES ENOUGH DEMOCRATIC SUPPORT FOR THOSE ISSUES
18:52 03Nov10 RTRS-BOEHNER SAYS OPERATING UNDER THE 2008 LEVELS OF SPENDING IS A RESPONSIBLE WAY FORWARD
18:47 03Nov10 RTRS-BOEHNER SAYS EXTENDING ALL TAX CUTS IS RIGHT POLICY AT THIS TIME
18:53 03Nov10 RTRS-BOEHNER SAYS HEALTHCARE REFORM WILL KILL JOBS IN AMERICA, BANKRUPT THE COUNTRY, SAYS WILL TRY TO REPEAL AND REPLACE THE LAW
ПРОДАЖИ АВТОМОБИЛЕЙ HONDA В США ВЫРОСЛИ В ОКТЯБРЕ НА 16%
ПРОДАЖИ АВТОМОБИЛЕЙ CHRYSLER В США В ОКТЯБРЕ ВЫРОСЛИ НА 37%
ПРОДАЖИ АВТОМОБИЛЕЙ У GM НЕОЖИДАННО ВЫРОСЛИ НА 3.5% В ОКТЯБРЕ.РЫНОК ЖДАЛ ПАДЕНИЯ НА 6.3%
ОБВАЛЬНОЕ ПАДЕНИЕ ЦЕН НА ЗОЛОТО И СЕРЕБРО НАБЛЮДАЕТСЯ В ХОДЕ ТОРГОВ В НЬЮ-ЙОРКЕ
МИНЭНЕРГО США:ЗАПАСЫ СЫРОЙ НЕФТИ ВЫРОСЛИ,ЗАПАСЫ НЕФТЕПРОДУКТОВ УПАЛИ ЗА НЕДЕЛЮ
ПРОМЫШЛЕННЫЕ ЗАКАЗЫ В США В СЕНТЯБРЕ ВЫРОСЛИ НА 2.1%(Таблица компонентов)
ГОЛЛИВУД В ПЕЧАЛИ:METRO-GOLDWYN-MAYER ПОДАЕТ ИСК О БАНКРОТСТВЕ И УХОДИТ ПОД "11" ПАРАГРАФ
КОЛИЧЕСТВО СОКРАЩЕНИЙ ПЕРСОНАЛА В США В ОКТЯБРЕ ПО ДАННЫМ ИНСТИТУТА CHALLENGER(Таблица +График)
КОЛИЧЕСТВО НОВЫХ РАБОЧИХ МЕСТ В ЧАСТНОМ СЕКТОРЕ США В ОКТЯБРЕ ПО ДАННЫМ ADP:НОВЫХ МЕСТ ДОЛЖНО БЫТЬ СОЗДАНО 43 ТЫСЯЧИ(Таблица + График)
Economic data (US, OCT): ADP Employment Change out at 43 vs. 20K expected vs. -39K prior read
ИНДЕКС ИПОТЕЧНОГО КРЕДИТОВАНИЯ В США ЗА НЕДЕЛЮ УПАЛ НА 5%
ПАДЕНИЕ ЦЕН НА ДОЛГОВОМ РЫНКЕ "НЕНАДЕЖНОЙ" ЕВРОПЫ УСИЛИВАЕТСЯ.РАЗРЫВ В СТАВКЕ ДОХОДНОСТИ БУМАГ ИРЛАНДИИ И ГЕРМАНИИ ДОСТИГ РЕКОРДА
ГЕРМАНИЯ (ориентир по ставке доходности)
ИСПАНИЯ
ПОРТУГАЛИЯ
ИРЛАНДИЯ
ГРЕЦИЯ
РОЗНИЧНЫЕ ПРОДАЖИ В ШВЕЙЦАРИИ ВЫРОСЛИ В СЕНТЯБРЕ НА 3.8%
ДЕНЕЖНАЯ СИСТЕМА ЕВРОЗОНЫ:ИЗБЫТОЧНЫЕ РЕЗЕРВЫ НЕМНОГО ВЫРОСЛИ.СПРОС НА ОДНОДНЕВНЫЕ КРЕДИТЫ ВЫРОС РЕЗКО
/templates/new/dleimages/no_icon.gif (C) Источник
Не является индивидуальной инвестиционной рекомендацией
При копировании ссылка обязательна Нашли ошибку: выделить и нажать Ctrl+Enter