Investors looking for clear guidelines on when the Federal Reserve will begin tapering its massive bond purchases were left waiting Wednesday, with all eyes next on the annual Jackson Hole conference of central bankers in August. The central bank has been buying $120 billion in fixed income assets per month - $80 billion in Treasuries and $40 billion in mortgage-backed securities - to support the economy as it recovers from the impact of the coronavirus pandemic, and markets have been fixated on when the Fed will start tapering. The Fed, which concluded its two day Federal Open Market Committee policy meeting on Wednesday, appeared to make progress in that discussion, though there was no clear timetable.
New Delhi, Jul 28 (PTI) A majority of prospective homebuyers want discounts, freebies and flexible payment options from builders to encourage them to purchase their flats as real estate continues to be the preferred asset class for investment, according to a joint survey by real estate portal Housing.com and realty body NAREDCO.
Carnage in China's financial markets signals the beginning of a new era, investors say, as the government puts socialism before shareholders and regulatory changes rip apart the old playbook. Stocks and sentiment have taken a drubbing as Communist Party rulers seek to remake the property, technology and education sectors to curb cost pressures and better serve ordinary people. The new model appears to place common prosperity, as President Xi Jinping has put it, ahead of helter-skelter growth, investors say.