The Fed left its policy stance broadly unchanged at the conclusion of today’s FOMC meeting, but it did strengthen its forward guidance a little – by publishing interest rate projections that show nearly all officials believe the fed funds rate will still be at near-zero in two-and-a-half years’ time. Fed Chair Jerome Powell also hinted in his post-meeting press conference that the Fed was seriously discussing imposing explicit caps on Treasury yields although, with those yields currently at very low levels, officials are in no rush to adopt such a policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services