Market Update

Fed sets the tone keeping rates at 0%

Fed sets the tone keeping rates at 0%

The Federal Reserve doubled-down on its new inflation policy this week with the announcement that rates likely won’t go above 0.25% until at least 2023. All but four individual members of the Federal Open Market Committee projected rates would stay in the 0%-0.25% range until that time, with Fed Chair Jerome Powell noting, “rates will remain highly accommodative until the economy is far along in this recovery.”

Essentially, while the economy is starting to show signs of recovery, it is still moving at a glacial pace.

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