Searcher

FOMC Meeting July 28-29: Dovish tone signals more accommodation for an extended period

Published on Wednesday, July 29, 2020 | Updated on Thursday, July 30, 2020

FOMC Meeting July 28-29: Dovish tone signals more accommodation for an extended period

As expected, the Fed left interest rates unchanged and reaffirmed its commitment to, at a minimum, maintaining the current pace of asset purchases while also defending its expanded use of its lending powers until the economy is on the road to recovery.

Key points

  • Key points:
  • The impact of the pandemic-led recession has been heterogeneous, damaging lower-income households, minorities, women and younger individuals
  • The path of the economy will depend significantly on the course of the virus

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in