Tuesday, September 15, 2020

Wednesday's News Links

[Reuters] Wall Street higher as focus turns to Fed meet

[Reuters] Shares rally, dollar falls ahead of Fed meeting

[Reuters] Dollar falls as markets increase bets on more Fed easing

[Reuters] China lifts yuan midpoint the most in 5 months to strongest since May 2019

[Reuters] Fed expected to raise economic forecasts, extend vow to keep rates low

[CNBC] In last meeting before election, the Fed could placate markets with promise of low rates for years

[Reuters] U.S. consumer spending appears to slow in August

[CNBC] Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent

[CNBC] Coronavirus live updates: Work-from-home spurs flurry of software IPOs; Eli Lilly touts early success with antibody drug

[Reuters] Hurricane Sally careens into Alabama's Gulf Coast, bringing heavy rains

[AP] Japan’s PM Shinzo Abe resigns, clearing way for successor

[Yahoo/Bloomberg] Shadow Banks Ride Out the Crisis While Virus Ravages India

[Yahoo/Bloomberg] China Lets Traders Push Yuan Toward Best Quarter on Record

[Reuters] Emerging market central bank bond buying puts credibility at risk, S&P Global says

[Reuters] China's Communist Party demands private sector's loyalty as external risks rise

[Reuters] Exclusive: U.S. pushes arms sales surge to 'Fortress Taiwan,' needling China

[Reuters] China says military drills near Taiwan were a 'necessary action'

[Bloomberg] Bank Job-Cull Returns With Global Cuts now Topping 60,000

[Bloomberg] Chinese Communist Party Wants Stronger Role in Private Sector

[WSJ] Mortgage Securities Are Flooding the Market. Thank the Fed.

[FT] Five things to watch at the Federal Reserve meeting

[FT] China’s great power play puts Asia on edge 

[FT] How Brexit and Covid-19 combined to hit UK hedge funds

Tuesday Evening Links

[Reuters] S&P 500 ends higher on growing hopes Fed will stay accommodative

[Reuters] White House's Meadows says moderates' COVID relief plan could lead to more talks

[Reuters] Fed nominee Shelton doesn't yet have Senate support, Thune says

[Reuters] Tech stocks most 'crowded trade' of all time: BAML survey

[CNBC] The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

[CNBC] Coronavirus live updates: At least 24 million students could drop out of school, UN says; Pelosi renews call for large Covid stimulus package

[AP] ‘Huge rainmaker’: Hurricane Sally threatens historic floods

[Reuters] Perpetual recession? Recovery in a year? Economists deeply divided on U.S. future

[Reuters] Banks lower revenue outlook as pandemic crimps loan demand

[Bloomberg] China’s Paper Win at WTO Doesn’t Dissuade Trump From Trade War

[Bloomberg] Richest Americans Got Richer in Past Decade, Far Outpacing Poor

[Bloomberg] Lower-Credit Homeowners Weigh Heavily on U.S. Mortgage Market

[Bloomberg] U.S. Municipalities Selling Taxable Bonds at Near Record Pace

[Bloomberg] Why Liquidity Is a Simple Idea But Hard to Nail Down

[WSJ] Why Did Stock Markets Rebound From Covid in Record Time? Here Are Five Reasons

[FT] Trump’s nomination of Judy Shelton to Fed falters

[FT] US shale producers bleed cash despite slashed spending

[Bloomberg] Ray Dalio Warns of Threat to Dollar as Reserve Currency