One strategist says the Fed’s determination to keep interest rates low through quantitative easing is fueling another problem — it’s limiting bank lending.
U.S. stock futures rise early Wednesday, recovering from a pullback Tuesday, ahead of February private-sector employment data that will provide some clues on the state of the economic rebound from the COVID-19 pandemic as the coronavirus vaccine rollout accelerates.
One strategist says the Fed’s determination to keep interest rates low through quantitative easing is fueling another problem — it’s limiting bank lending.
“It will take three days to get to the moon, loop behind it, and three days to get back,” Yusaku Maezawa said in a video Tuesday. “I will pay for the entire journey.”
The White House will withdraw the nomination of Neera Tanden for director of the Office of Management and Budget, in the first significant personnel setback for the Biden administration.
An ETF that’s backed in part by Dave Portnoy, self-proclaimed head of the hordes of retail investors who have upended markets in recent weeks, raises questions about market manipulation.