Senior Economist at UOB Group Alvin Liew reviewed the key FOMC event. Key Quotes “In a significantly re-worded FOMC policy statement, the Federal Reserve in September 2020 kept policy rates unchanged… This reflects the Fed’s recent review and adopting of a new strategy of Average Inflation Targeting (AIT) and putting emphasis on “broad and inclusive” employment.” “According to its updated September summary of economic projections, the FOMC will keep its policy rates at 0.0%-0.25% range (Median at 0.1%) until at least 2023. It will also maintain the current pace of Treasury purchases (at US$80bn a month) and mortgage-backed securities (at US$40bn).” “The FOMC’s latest economic projections showed a significant improvement to its 2020 GDP and unemployment projections… Inflation projections were revised higher but both headline and core PCE is projected to average 2.0% only in 2023.” “Going forward, as Powell has said that the guidance given in the September FOMC is “durable”, the Fed will likely maintain this accommodative monetary policy and economic outlook for now and we believe Fed policy will likely stay out of the limelight ahead of the 3 November US Presidential elections.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD maintains the sideways range with resistance seen at 1.1868 – Credit Suisse FX Street 1 year Senior Economist at UOB Group Alvin Liew reviewed the key FOMC event. Key Quotes “In a significantly re-worded FOMC policy statement, the Federal Reserve in September 2020 kept policy rates unchanged… This reflects the Fed’s recent review and adopting of a new strategy of Average Inflation Targeting (AIT) and putting emphasis on "broad and inclusive" employment.” “According to its updated September summary of economic projections, the FOMC will keep its policy rates at 0.0%-0.25% range (Median at 0.1%) until at least 2023. It will also maintain the current pace of Treasury purchases (at US$80bn a month) and mortgage-backed securities (at… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
