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.
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