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Published on Thursday, November 5, 2020 | Updated on Friday, November 6, 2020

FOMC allows dust to settle while it prepares for next phase

The statement signalled that the Fed remains a pillar of unity and stability in uncertain times, while the assessment of economic conditions confirmed ongoing improvements albeit at a significantly reduced pace.

Key points

  • Key points:
  • Fed reaffirms forward guidance on interest rates
  • Reliance on LSAP to support the economic activity and financial stability will continue until the recovery is on a self-sustaining path
  • FOMC will enhance communication and transparency with greater details on SEP at the December meeting

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