US Fed expected to offer new guidance on asset purchases


Washington, Dec 15 | The US Federal Reserve is expected to offer new guidance for its asset purchase program this week as the unabated Covid-19 resurgence across the country was posing challenges to the fragile economic recovery, economists have said.

The policy-making Federal Open Market Committee (FOMC) “will most likely place some guidance around the asset purchase program but decline to make changes to the program at this time”, Tim Duy, professor of the University of Oregon, wrote in a blog post on Monday.

“I believe they will view the current Covid-19 surge as akin to a natural disaster where the most significant impacts occur in a time horizon in which they have little influence,” Xinhua news agency quoted Duy as further saying in the post, noting Fed officials’ comments in recent weeks suggest an inclination to delay changing the asset purchase program until next spring.

Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP, believed that the Fed’s new guidance will link policy to the evolution of the pandemic and its impact on economic activity.

“We think that the committee will commit to asset purchases for the duration of the pandemic, which should keep market expectations aligned with policy intentions,” Brusuelas wrote on Monday in an analysis, adding the economy is facing a difficult period through the first quarter of 2021.

“Perhaps more important, given the continuing distress in the labour market, the case is strong for the extension in the maturity of asset purchases to dampen rates at the end of the curve,” Brusuelas argued.

A slight majority of the 47 economists surveyed by Bloomberg News earlier this month also said they expected the new guidance will be approved at the Fed’s policy meeting this week, while most of the remaining economists expect it in January or March.

The Fed cut interest rates to near zero at two unscheduled meetings in March and began purchasing massive quantities of US treasuries and agency mortgage-backed securities to repair financial markets.

Last month, it decided to keep its benchmark interest rate unchanged at the record-low level of near zero while continuing its asset purchase program at the current pace of $120 billion per month.

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all


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