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FED
  • Changes to Fed Funds / Interest Rate Paid on Excess Reserves (IOER) / ON RRP? NO
  • Does the Fed announce changes to asset purchases with regard to size, duration, and/or Tsy vs MBS? NO
  • Does the Fed set an interest rate cap, rate target, or range on any part of the yield curve? NO
  • Does the Fed modify the sentence: "The ongoing public health crisis … poses considerable risks to the economic outlook"? YES: "risks to the economic outlook remain" replaces "poses considerable risks"
  • Does the statement indicate progress in the economic recovery, or change "some time" to "more time"? YES: acknowledges progress on vaccinations, saying activity and employment have "strengthened" and inflation "has risen, largely reflecting transitory factors."
  • Any dissents to the decision? NO
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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