Fed not pulling back till 2022
Thursday 11th June 2020 The US Fed has reiterated that they will do whatever it takes to protect the US economy, with inflation expected to remain below 2 percent through to 2022. Chair Jerome Powell painted a bleak picture and suggested that more action will be needed by Congress and, possibly, by the Fed. This comes on a day that the OECD has released forecasts for a six percent contraction in the global economy. Still, another good day for equities, with the NASDAQ reaching a new high – low interest rates for a long time won’t eactly hinder that growth, will it?