4/30/2021 8:58:00 AM GMT | By Pablo Piovano
Senior Economist at UOB Group Alvin Liew reviews the latest FOMC event (Wednesday).
Key Quotes
“The Fed Reserve, as widely expected, kept its policy rates and asset purchase program unchanged in its April FOMC. Even as Fed’s growth outlook continued to turn more bullish, Powell highlighted that the recovery remains uneven and incomplete, the economy is ‘long way’ from employment and inflation goals and likely to take ‘some time’ for substantial further progress to be achieved. As such, Powell continued to sweep aside the notion of Fed policy shift discussion, saying “it is not time yet” to begin talking about tapering its asset purchase program.”
BoJ: Further easing is expected in the next months – UOB fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
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