As the COVID-19 pandemic poses ongoing risks to public health and the economic outlook, the Federal Open Market Committee continues to provide full support for the U.S. economy. The latest FOMC meeting reflects this commitment with the Fed’s decision to maintain the target range for the federal funds rate at 0 to ¼ percent and to expand purchases of U.S. Treasury and mortgage-backed securities.
All of this is meant to bolster the economy and stabilize markets. But how does it work? FOMC Rewind breaks it down.
Sept. 16, 2020 FOMC Decision
So, what was decided at the latest FOMC meeting?
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