The Federal Reserve Open Market Committee took no action at their early November meeting, keeping policy unchanged (fed funds rate at 0.00-0.25%), with ongoing stimulative bond purchases and liquidity facilities staying in place to combat the negative economic impacts of the pandemic. There were no dissents.
Although Fed comments were a bit more bearish as of late, the formal statement was little changed in content, with economic growth and employment prospects held back by the pandemic. Descriptions of ‘continued to recover’ replaced ‘picked up,’ ….
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Source: LSA Connect
November 5, 2020
The Federal Reserve Open Market Committee took no action at their early November meeting, keeping policy unchanged (fed funds rate at 0.00-0.25%), with ongoing stimulative bond purchases and liquidity facilities staying in place to combat the negative economic impacts of the pandemic. There were no dissents.
Although Fed comments were a bit more bearish as of late, the formal statement was little changed in content, with economic growth and employment prospects held back by the pandemic. Descriptions of ‘continued to recover’ replaced ‘picked up,’ ….
Click here to view the full article
Source: LSA Connect
November 5, 2020
