Thurs. PM KTFA News Articles 11-28-19

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Samson » November 28th, 2019


The Fed is pumping $ 109 billion into the US financial system

27th November, 2019

The Federal Reserve Bank of New York announced that it has injected $ 108.95 billion into the US financial system

The bank said in a statement on Wednesday that it would inject $ 87.95 billion through repurchase agreements "repo overnight

The bank also said it would repurchase securities at about $ 21 billion repo for 15 days

The Fed yesterday pumped $ 92.7 billion to provide more liquidity in US financial markets

The Fed has begun repurchasing securities since mid-September in an effort to stem the rise in short-term financing costs and keep them within the target range of 1.50 to 1.75 percent LINK

Fed: US economy is growing at a moderate pace with positive outlook

27th November, 2019

The Federal Reserve said that the US economy grew at a moderate pace, noting that the economic outlook remained positive

The Fed said in a "Big Book" report released Wednesday for the period from October to mid-November, that more areas reported an expansion in the manufacturing sector compared to the previous period, although most is still suffering from the deterioration in this sector

The Fed said the economic outlook remained broadly positive, with current growth expected to continue next year

The central bank said employment continued to rise slightly even as the US labor market remained tight

Many regions noted significant job growth in professional and technical services as well as health care, according to the Fed

Wages continued to grow at a moderate pace in most regions, the central bank said

Most regions reported modest price increases during the reporting period, while some reported higher costs due to tariffs LINK

China summons US ambassador to protest US support for Hong Kong protests

2019/11/28 10:22

China's Foreign Ministry on Thursday summoned the US ambassador to Beijing to protest a law supporting the pro-democracy movement in Hong Kong, calling on Washington to refrain from enforcing it to "avoid further damage" to relations.

Chinese Vice Foreign Minister Li Yusheng told US Ambassador Terry Branstad of Beijing's "strong" protest after US President Donald Trump passed the law, the ministry said in a statement. The bill comes at a time when the world's two biggest economic powers are negotiating a partial deal to ease their trade war. "Li stressed that China strongly urges the US side to correct its mistakes and change course," the ministry said in the statement.

He also called on the United States to "refrain from the application of law and immediately stop interfering in Hong Kong and China's internal affairs, to avoid further damage to Sino-US relations and bilateral cooperation in important areas."

The Hong Kong Human Rights and Democracy Act forces the US president to review the city's preferential trade status annually and threatens to abolish it if freedoms in the semi-autonomous region are restricted. Trump also signed a law banning the sale of liquefied gas, rubber bullets and other equipment used by Hong Kong security forces to suppress demonstrators. LINK

Source: Dinar Recaps
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