Wall Street Is Betting On The Fed, Which Is Expected To Affirm Low Interest Rates Today
Dec 16, 2020
All year, Wall Street has poured money into risky assets thanks to reassurances that the Federal Reserve would keep interest rates at rock-bottom levels and protect the economy. Looking ahead, investors don’t expect the Fed to reverse course — so they don’t plan to either. What’s happening: The Federal Reserve’s latest policy meeting wraps up Wednesday. The central bank is expected to reaffirm its commitment to easy monetary policy given the ongoing health crisis and concerns about deep economic scarring without significant support. Read more at CNN Business.
