Senior Economist at UOB Group Alvin Liew reviewed the latest publication of the FOMC Minutes of the December meeting. Key Quotes “The minutes of the 15-16 Dec 2020 FOMC meeting showed that Fed officials unanimously agreeing to keep the pace of asset purchases unchanged, and that ‘nearly all’ preferred to keep the current mix of assets bought intact with some open to ‘future adjustments’ if needed.” “The participants continued to see the uncertainty surrounding the economic outlook as elevated even as they regarded the positive news on vaccine development as an ‘upside risk’ and will further strengthen the medium-term outlook for household spending.” “The unexpected ‘Blue Wave’ has led the markets to reposition for bigger fiscal stimulus and infrastructure spending as well as tax changes (tax cuts for households while tax increase for corporates and wealthy individuals).” “We now price in a lower probability (40%) for the Fed to provide more monetary accommodation. If the Fed were to ease, it will still do so from its existing tool kits, and the first in line will still be the asset purchase program. We continue to hold the view that the Fed will keep policy rates at the current 0.0-0.25% region at least until 2023 and will not want to push rates beyond zero, into negative territory.” 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 Forecast: Bears attacking critical support, Nonfarm Payrolls trigger a bounce Yohay Elam 1 year Senior Economist at UOB Group Alvin Liew reviewed the latest publication of the FOMC Minutes of the December meeting. Key Quotes “The minutes of the 15-16 Dec 2020 FOMC meeting showed that Fed officials unanimously agreeing to keep the pace of asset purchases unchanged, and that ‘nearly all’ preferred to keep the current mix of assets bought intact with some open to ‘future adjustments’ if needed.” “The participants continued to see the uncertainty surrounding the economic outlook as elevated even as they regarded the positive news on vaccine development as an ‘upside risk’ and will further strengthen the medium-term outlook… Regulated 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.