US economy is rolling along, so Fed unlikely to alter bond-buying
Of the two levers used to manage the US economy — monetary conditions controlled by the Fed and government spending controlled by Congress — the Fed feel it’s is doing what it can for now
18 October 2020 - 08:20
Washington — Houses are being built and sold across the US. Vehicles are moving off lots. Corporations are raising money and overall financial conditions remain easy.
Expectations were high in September that the US Federal Reserve, as it rolled out a new monetary policy approach and continued battling a recession, would ramp up its bond purchases to further boost the economy. But the economy has stubbornly flashed a different signal: steady as it goes...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.