Again, as expected, the FOMC kept the fed funds interest rate steady at a lower-band target of 0.00-0.25%. Without dipping into the unchartered and controversial waters of negative rates, this is as far as they can go. The formal statement remained bleak in tone, with an outlook for growth extremely challenged due to Covid, not to mention global human suffering and loss of employment; however, some improvement at the margin as the result of government stimulus […] Click here to view the full article Source: LSA Connect June 11, 2020