Overseas Headlines – July 26, 2021

United States:

Fed’s MBS Buying High on Agenda as Officials Begin Taper Talk

“Policy hawks at the Federal Reserve are setting their sights on scaling back the U.S. central bank’s massive intervention in the mortgage market as home prices soar. But the Fed leadership doesn’t sound convinced by arguments in favor of a hasty exit strategy.”



U.K. Banks Prepared for Negative Rates in Case Recovery Crumbles

“Britain’s biggest financial institutions are on track to meet the Bank of England’s deadline to be ready for negative interest rates, giving authorities another tool to aid the economy if the recovery fades.”



China’s Ongoing Recovery Showed Signs of Weakness in July

“China’s economy continued its stable pace of recovery in July, though there were some signs of weakness as property sales slumped, small business confidence slipped and the stock market fell. Paragraph.”




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