FOMC To Debate Clarifying Rates Path, QE: Decision-Day Guide

  • Confronting signs that the U.S. economy may be losing momentum, Federal Reserve policymakers will turn their attention to how to jumpstart a stronger rebound from the virus-induced recession.
  • The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a target range of 0% to 0.25%, where it has been since March 15 to help soften the pandemic’s blow. The committee will release a statement at 2 p.m. and Chair Jerome Powell will hold a press conference 30 minutes later. Quarterly forecasts are not due to be updated at this meeting.

(Source: Economic Times)