BuzzyBuzz

Everything you want to know just here you will find

Fed minutes: Coronavirus led to very uncertain economic future

/
/
/
4 Views

WE’LL BE WATCHING BOTH OF THOSE VERY CLOSELY SPEAKING OF THE FED, THE FED JUST RELEASING MINUTES MOMENTS AGO FROM THE LAST MEETING

WANT TO GO TO EDWARD LAWRENCE WITH THE DETAILS EDWARD? REPORTER: CHARLES, WE’RE GETTING SOME OF WHAT THE FEDERAL RESERVE HERE IS SAYING THEY WERE BASICALLY SAYING VERY UNCERTAIN ECONOMIC FUTURE THE MARKET PARTICIPANTS SEE ON A WHOLE, VERY UNCERTAIN ECONOMIC FUTURE THE FED SAYS THERE WAS IMPROVEMENT IN MARKET CONDITIONS BY THE END OF MARCH AFTER SOME OF THE ANNOUNCEMENTS THE FEDERAL RESERVE WAS MAKING RELATED TO THE FACILITIES AND HOW THEY WERE HELPING TO SUPPORT THE TREASURY MARKET AND SO FORTH

THE PARTICIPANTS JUDGED THAT THE EFFECTS OF THE CORONAVIRUS AND OUTBREAK TO THE ON GOING HEALTH CRISIS WEIGHED HEAVILY ON ECONOMIC ACTIVITY THERE WAS STRONG DEMAND FOR THE US DOLLAR THEY’RE SAYING AS THERE WAS GLOBAL FLIGHT TO SAFETY THEY IS SAID STRONG DEMAND CAUSED DISTRESS IN THAT MARKETPLACE THAT IS THE REASON THE FED HAD TO GO INTO THE DOLLAR MARKETPLACE, SECURE THAT AREA

Advertisement

THE PROJECTS, THE STAFF PREPARED FOR, THE FOMC, IT WAS DOWNGRADED NOTABLY FROM THE MARCH MEETING IN TERMS OF THE ECONOMY GOING FORWARD, BECAUSE OF THE CORONAVIRUS THEY SAY THAT THE MEASURES THAT WERE UNDERTAKEN DID SOLIDIFY SOME MARKETS BUT THE ECONOMY PLUMMETED, WORDS THEY’RE USING HERE, PLUMMETED UNEMPLOYMENT RATE SOARED IN THAT

Source: Youtube

This div height required for enabling the sticky sidebar

%d bloggers like this: