JANUARY 27, 2021 - FOMC MEETING RECAP
Update: 2021-01-28
Description
Jim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the first Federal Open Market Committee (FOMC) meeting of 2021 that concluded on January 27. As expected, the Federal Reserve (Fed) left monetary policy unchanged but acknowledged recent economic weakness in the post-FOMC statement. Fed Chairman Powell played down the likelihood of removing current monetary policy accommodations in 2021 by simply stating the discussion was premature given the economic uncertainty related to the pandemic.
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