Fed's Bostic: Still watching for vulnerabilities
The Federal Reserve could begin to trim its monthly asset purchases this year if the distribution of coronavirus vaccines boosts the economy as expected, Atlanta Fed President Raphael Bostic said on Monday in what amounted to a bullish outlook for the coming months.
Key comments
'Hopeful' us 'learning lessons' that will accelerate vaccine distribution.''
''Baseline is 'somewhat difficult' start of year, stronger recovery beginning perhaps in Q2.''
''New fiscal stimulus package will help avoid 'some of worst outcomes.''
''Still watching for vulnerabilities.''
There was no reaction to the comments with the market fully pricing in the Federal Reserve's lower for longer approach.
Reprinted from FXStreet,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.