Fed Announcement! Drum Roll … No Changes (Keeps Foot On The Monetary Pedal)

Sharing is Caring!

by confoundedinterest17

Drum roll please.

Fed does …. nothing.

The Fed Dot Plots from today’s announcement.

Compared to December’s Dot Plots. More govs are seeing higher rates in the future. Just not in 2021.

The Dow rose with joy at the thought of endless stimulus.

See also  RAGHURAM G. RAJAN: 'The time has come to consider whether monetary policy is the systemic force that created systemic vulnerability in the first place.'

And the Treasury 10Y-2Y curve.

Gold and silver rose on the non-announcement, while the US Dollar fell.

A video of the FOMC meeting.



Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.