top of page
  • 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.

2 views0 comments

Recent Posts

See All

This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up 372,00 better than expected with the unemployment rate remains at 3.

It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products that lenders and other institutional financial market users wi

The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New Lumber futures and options Launching on August 8* barcharts.com Th

bottom of page