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Resistance Remains Intact

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Trend Needle Points North

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Bearish Outlook

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Key Support Remains Exposed

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(MNI) WASHINGTON


MNI: FED KEEPS RATES AT ZERO; SEP INDICATES ZERO RATES THRU 2023

FED'S SEP: 2023: FED FUNDS MEDIAN 0.1%; 4 DOTS ABOVE ZERO

FOMC ISSUES FORWARD GUIDANCE

FOMC: ZERO RATES UNTIL INFLATION MODERATELY EXCEEDS 2% "FOR SOME TIME"

FOMC: KAPLAN, KASHKARI DISSENT OVER FORWARD GUIDANCE

FOMC: KEEPS TREASURY PURCHASES AT $80B PER MONTH

FOMC:  KEEPS MBS PURCHASES AT $40B PER MONTH

FED KEEPS ASSET PURCHASES DIRECTED AT SMOOTH MARKET FUNCTIONING

FOMC: ECONOMY WILL DEPEND SIGNIFICANTLY ON THE COURSE OF THE VIRUS

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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