While the US economic reopening theme continues, the path toward a full reopening of the economy and return to normalcy has been more uneven than many economists and CEOs were forecasting just a few months ago.
The Federal Open Market Committee (FOMC) kept monetary policy unchanged in July. The fed funds target rate remains in the range of 0.0% to 0.25%, and the Fed continues to purchase $80 billion of Treasuries per month, and $40 billion of agency mortgage-backed securities per month.
The Federal Open Market Committee (FOMC) kept monetary policy unchanged at its meeting this week.
