Senior Economist at UOB Group Alvin Liew assessed the recent publication of the FOMC minutes. Key Quotes “The latest federal open market committee (FOMC) minutes revealed that the Fed pursued a ‘a forceful monetary policy response’ to the coronavirus disease (COVID-19) pandemic by lowering the fed funds target rate (FFTR) by an unprecedented 100bps to 0.0-0.25% (global financial crisis (GFC) low), restarting quantitative easing (QE) and introducing various measures to ‘support the credit needs of households and businesses’.” “As for policy guidance, the Fed pledged to maintain rates at the low rate until the economy has weathered the recent events (COVID-19) and return on track to achieve the FOMC’s dual mandates of maximum employment and price stability. There was no discussion on the prospect of negative rates.” “The Fed has demonstrated it will do whatever it takes, beyond interest rate cuts and asset buying, to restore financial market stability, smooth out US dollar funding conditions and safe-guard the economy. That said, the Fed will do whatever it takes, except negative rates.” 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 JPMorgan reports Q1 net income of $2.9 billion, $0.78 EPS FX Street 2 years Senior Economist at UOB Group Alvin Liew assessed the recent publication of the FOMC minutes. Key Quotes “The latest federal open market committee (FOMC) minutes revealed that the Fed pursued a ‘a forceful monetary policy response’ to the coronavirus disease (COVID-19) pandemic by lowering the fed funds target rate (FFTR) by an unprecedented 100bps to 0.0-0.25% (global financial crisis (GFC) low), restarting quantitative easing (QE) and introducing various measures to ‘support the credit needs of households and businesses’.” “As for policy guidance, the Fed pledged to maintain rates at the low rate until the economy has weathered the recent events… 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.
