The Fed Is Not Braking The Boom Anytime Soon

Published Friday, April 9, 2021 at: 8:58 PM EDT

The Federal Reserve Bank’s Federal Open Market Committee (FOMC) unanimously reaffirmed it would not raise lending rates until the jobs recovery is complete, according to minutes just released of their March 16- 17 meeting.  The jobs recovery is not expected to occur for 15 months. Meanwhile, the service and manufacturing sectors both soared and broke records last month, according to yesterday’s data release from the Institute of Supply Management.

To Read the Full Story, Subscribe or
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.

©2021 Advisor Products Inc. All Rights Reserved.