Federal Reserve Keep Rates Steady as Expected, Repos Through April

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    Helmholtz Watson

    The Federal Reserve as expected kept rates at…


    Helmholtz Watson

    Feds Powell press conference highlights

    uncertainties remain including those opposed by virus
    employment gains broad-based across different groups
    wants strong job market to reach more people left behind
    expects inflation to move closer to 2% over the next few months
    policy is not a preset course
    Fed is determined to avoid inflation persistently running below 2%

    IOER hike represents a small technical adjustment
    policy is appropriate as long as data consistent with Outlook

    over the 1st half of this year, Fed plans to adjust size of repo operations
    Fed expects to continue offering repo support through April
    plans to slow pace of purchases over time
    balance sheet will be expanding gradually over time
    technical measures are designed to support smooth functioning of the markets

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