-
Federal Reserve issues FOMC statement
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up recently, although the sectors most adversely affected by the pandemic remain weak. Inflation continues to run below 2 percent. Overall financial conditions remain accommodative, in part reflecting ... (full story)
-
Nothing in the Fed statement about yield rise, notes "overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses."
— Michael S. Derby (@michaelsderby) March 17, 2021
-
FED WILL CONTINUE TO INCREASE BOND PURCHASES BY AT LEAST $80 BLN/MONTH OF TREASURIES AND $40 BLN/MONTH OF MBS UNTIL 'SUBSTANTIAL FURTHER PROGRESS' MADE ON MAXIMUM EMPLOYMENT AND PRICE STABILITY GOALS
— First Squawk (@FirstSquawk) March 17, 2021
-
Fed keeps key rate near zero and still expects no hikes through 2023 despite brighter economic outlook
Despite a substantial upgrade to its economic outlook, the Federal Reserve on Wednesday held its key interest rate near zero, continued to forecast no rate hikes through 2023 and vowed to maintain its bond buying stimulus. The central bank is struggling to acknowledge forecasts that have suddenly turned more bullish while promising to stay the course with rock-bottom rates and massive bond purchases as long as the economy remains hobbled by the COVID-19-induced downturn. Some economists expected the Fed policymakers to stick to their December estimate of no rate increases through 2023 while others reckoned the ... (full story)
-
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Jan. 27. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Mar 17, 2021 2:05pm Mar 17, 2021 2:05pm
- Menelaus
- | Commercial Member | Joined Mar 2013 | 62 Comments
- Comment #2
- Quote
- Mar 17, 2021 2:06pm Mar 17, 2021 2:06pm
- Menelaus
- | Commercial Member | Joined Mar 2013 | 62 Comments
- Comment #3
- Quote
- Edited 2:34pm Mar 17, 2021 2:15pm | Edited 2:34pm
- Bones
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 2814 Comments
- Comment #4
- Quote
- Mar 17, 2021 2:18pm Mar 17, 2021 2:18pm
- Menelaus
- | Commercial Member | Joined Mar 2013 | 62 Comments
- Comment #5
- Quote
- Mar 17, 2021 2:19pm Mar 17, 2021 2:19pm
- sadeghi
- | Joined Feb 2019 | Status: Member | 852 Comments
- Comment #6
- Quote
- Mar 17, 2021 3:00pm Mar 17, 2021 3:00pm
- rashadali
- Joined Jan 2016 | Status: Member | 709 Comments
- Comment #7
- Quote
- Mar 17, 2021 3:02pm Mar 17, 2021 3:02pm
- tomiko
- | Joined Jul 2011 | Status: Watching you! | 320 Comments
- Comment #8
- Quote
- Mar 17, 2021 9:59pm Mar 17, 2021 9:59pm
- Guest
- | IP XXX.XXX.171.195
- Comment #9
- Quote
- Mar 17, 2021 10:38pm Mar 17, 2021 10:38pm
- BaliBoyz80
- | Joined Mar 2020 | Status: Member | 800 Comments
- Comment #10
- Quote
- Mar 17, 2021 10:46pm Mar 17, 2021 10:46pm
- aquavox
- | Joined Nov 2012 | Status: Member | 527 Comments
- Comment #11
- Quote
- Mar 18, 2021 5:40am Mar 18, 2021 5:40am
- Bones
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 2814 Comments