Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Federal Reserve will extend the maturity of its $80-billion-per-month purchase of Treasurys in December to further support the US economy, Michael Feroli, chief US economist atThe central bank has kept its policy stance the same for months, but surging COVID-19 cases threaten to derail the US economic recovery.
The Fed's asset purchase programs are among the more flexible tools at its disposal, and officials have hinted in the past that they're willing to adjust the size, pace, and make-up of the purchases.The Federal Reserve will adjust a key element of its monetary-easing strategy next month to better bolster the economy through its latest virus wave,The central bank has kept its policy stance intact for months after taking unprecedented steps to support the US recovery earlier in the year.
Such a shift places more downward pressure on long-term interest rates and, in turn, encourages more spending on interest-sensitive products like cars and homes, he added.GOLDMAN SACHS: Buy these 20 deeply underpriced stocks now before the recovery helps them rebound and crush Wall Street's low expectations in 2021
Central bank officials have signaled that they're open to changing the pace, make-up, and size of their asset purchases. Fed chair Jerome Powell said after November's FOMC meeting that the committee deemed its asset-purchase program adequate for the current backdrop.
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