The June Fed meet was the first one with projections about the US economy in the COVID-19 era
The June Federal Reserve meet was the first one with projections about the US economy in the novel coronavirus, or COVID-19, era and the first one after the recent positive job report and easing of the lockdown.
While the GDP growth estimate was broadly in line with expectations, Jerome Powell’s deliberations on rates were a key signal. The rates stance may help the liquidity led rally to continue.
Moneycontrol's Sakshi Batra does a 3-Point Analysis on the US Federal Reserve latest meet and its key announcements.First Published on Jun 11, 2020 07:01 pm