Powered by

ANALYSIS-With economy and credit rolling along, Fed unlikely to alter bond-buying

Oct 16, 2020 - Nasdaq

By WASHINGTON, Oct 16 (Reuters) - Houses are being built and sold across the United States. Autos are moving off lots. Corporations are raising money and overall financial conditions remain easy.

Expectations were high in September that the U.S. 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.

...