2020-11-25 14:20:02 14:20 11/25/20 11/2514:20 11/25/2014:20 | FOMC minutes revealed the discussion on asset purchasesFOMC minutes revealed the discussion on asset purchases indicated by Chair Powell, but judged that "immediate adjustments to the pace and composition...were not necessary, they recognized that circumstances could shift to warrant such adjustments." The purchases were seen supporting the smooth functioning of the markets and that they also helped provide insurance against emerging risks. And a "few" through purchases could help guard against "undesirable upward pressure on longer term rates." The Committee also talked about the need for well communicated forward guidance. There is no indication here of a change as soon as the December 15-16 FOMC, even though many officials have been open to the idea. The economy still looks too good, with rates still low, for the Fed to act. The minutes reiterated that the pandemic was causing "tremendous" hardship. However, while the rebound has been stronger than expected, it's moderated recently. "Several" participants were concerned over the lack of additional fiscal support. On inflation, there had been some pick up in consumer prices, but broader price trends were still quite soft. Read the minutes. |
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Initiation
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Allison Transmission initiated with a Hold at Vertical Research »
08:32 01/20/21 01/2008:32 01/20/2108:32
ALSN
Allison Transmission
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Initiation
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Caterpillar initiated with a Buy at Vertical Research »
08:32 01/20/21 01/2008:32 01/20/2108:32
CAT
Caterpillar
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Syndicate
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Inuvo raises 6.25M in a registered direct offering »
08:31 01/20/21 01/2008:31 01/20/2108:31
INUV
Inuvo
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Hot Stocks
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Lithium Americas trading resumes
08:30 01/20/21 01/2008:30 01/20/2108:30
LAC
Lithium Americas
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Options
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Five new option listings on January 20th »
08:30 01/20/21 01/2008:30 01/20/2108:30
AFRM
Affirm
Eargo
Oric Pharmaceuticals
Relay Therapeutics
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Earnings
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Community Trust reports Q4 EPS 89c, consensus 92c »
08:27 01/20/21 01/2008:27 01/20/2108:27
CTBI
Community Trust
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Downgrade
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Morgan Stanley downgrades Michaels to Underweight, sees 'too much optimism' »
08:27 01/20/21 01/2008:27 01/20/2108:27
MIK
Michaels
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Technical Analysis
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DJ Transportation Average: Pivot points »
08:26 01/20/21 01/2008:26 01/20/2108:26
$DJT
DJ Transportation Average
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Technical Analysis
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DJ Utility Average: Pivot points »
08:26 01/20/21 01/2008:26 01/20/2108:26
$DJU
DJ Utility Average
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Recommendations
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Sunnova Energy price target raised to $48 from $40 at Credit Suisse »
08:26 01/20/21 01/2008:26 01/20/2108:26
NOVA
Sunnova Energy
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Technical Analysis
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Dow Jones Industrial Average: Pivot points »
08:26 01/20/21 01/2008:26 01/20/2108:26
DJX
Dow Jones Industrial Average
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Recommendations
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Green Plains price target raised to $28 from $24 at Truist »
08:26 01/20/21 01/2008:26 01/20/2108:26
GPRE
Green Plains
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Technical Analysis
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iShares Transportation Average: Pivot points »
08:25 01/20/21 01/2008:25 01/20/2108:25
IYT
iShares Transportation Average
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Technical Analysis
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Technology Select Sector SPDR: Pivot points »
08:25 01/20/21 01/2008:25 01/20/2108:25
XLK
Technology Select Sector SPDR
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Technical Analysis
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Energy Select Sector SPDR: Pivot points »
08:25 01/20/21 01/2008:25 01/20/2108:25
XLE
Energy Select Sector SPDR
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Upgrade
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Williams-Sonoma upgraded to Equal Weight from Underweight at Morgan Stanley »
08:24 01/20/21 01/2008:24 01/20/2108:24
WSM
Williams-Sonoma
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Technical Analysis
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Consumer Discretionary Sector SPDR: Pivot points »
08:24 01/20/21 01/2008:24 01/20/2108:24
XLY
Consumer Discretionary Sector SPDR
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Technical Analysis
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S&P Select Materials SPDR: Pivot points »
08:24 01/20/21 01/2008:24 01/20/2108:24
XLB
S&P Select Materials SPDR
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Technical Analysis
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Utilities SPDR: Pivot points »
08:23 01/20/21 01/2008:23 01/20/2108:23
XLU
Utilities SPDR
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Technical Analysis
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Consumer Staples Sector SPDR: Pivot points »
08:23 01/20/21 01/2008:23 01/20/2108:23
XLP
Consumer Staples Sector SPDR
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Downgrade
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Caterpillar downgraded to Neutral with increased $205 target at Citi »
08:23 01/20/21 01/2008:23 01/20/2108:23
CAT
Caterpillar
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Recommendations
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Curaleaf price target raised to $20 from $14 at Roth Capital »
08:23 01/20/21 01/2008:23 01/20/2108:23
CURLF
Curaleaf
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Technical Analysis
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Health Care Select Sector SPDR: Pivot points »
08:23 01/20/21 01/2008:23 01/20/2108:23
XLV
Health Care Select Sector SPDR
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Technical Analysis
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iShares Trust Russell 2000 Index Fund: Pivot points »
08:22 01/20/21 01/2008:22 01/20/2108:22
IWM
iShares Trust Russell 2000 Index Fund
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Recommendations
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Zions Bancorp price target raised to $62 from $50 at Truist »
08:22 01/20/21 01/2008:22 01/20/2108:22
ZION
Zions Bancorp
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