FOMC, COVID-19, Recession, Dow Jones, Gold – Speaking FactorsCOVID-19 stays prime issue to financial restorationThe Benchmark Fed
FOMC, COVID-19, Recession, Dow Jones, Gold – Speaking Factors
- COVID-19 stays prime issue to financial restoration
- The Benchmark Federal Funds Price unchanged at 0%-0.25%
- Dot plot exhibits charges more likely to stay low till 2022
The Federal Open Market Committee of the Federal Reserve left rates of interest unchanged Wednesday afternoon, in keeping with expectations. This newest motion leaves the benchmark Federal Funds price at its historic low of 0%-0.25%. Gold and the Dow Jones Index shifted increased together with treasury yields. The Fed’s up to date ‘dot plot’ reveals that almost all of members count on charges to stay low till 2022. Fed Chair Powell will communicate on the backside of the hour.
Dow Jones Index (1-Min Chart)
Supply: IG Charts
Spot Gold (1-Min Chart)
Supply: IG Charts
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