Dow Jones Rises As Earnings Season Continues; Netflix Earnings On Deck

The Dow Jones Industrial Average rose Tuesday, as earnings season continues. Netflix earnings are due out after the close. Read More...


Calling time on QE, central banks prep for synchronized asset cull

Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global “quantitative tightening” expected to restrict credit and add stress to an already-slowing world economy. The U.S. Federal Reserve and its major counterparts in Europe, Japan, the United Kingdom and elsewhere pumped around $12 trillion into the financial system to fight the economic fallout of the coronavirus pandemic, buying an array of assets and in some cases offering long-term loans to banks in a massive bout of quantitative easing. With breakout inflation now the common fear, they are reversing course.

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