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  • Writer's picturePete

Well the Fed's Minutes Turned into Hours

The FOMC voted to leave rates at the existing level of 0% to .25% and not move it until a virus recovery is achieved. They cite “extraordinary amount of uncertainty and considerable risks to economic activity in the medium term.” The minutes conveyed fears of a “more pessimistic” outlook for a rebound in the event of a second wave of the virus were to occur later in the year.

Every one hopes that this does not come to fruition I’m sure. You all have heard it a million times… BE SAFE!!! Dismal stuff relayed in the event this does occur rallied treasury futures pretty well.

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