Pinned To Zero: Fed Funds Rate To Stay Low "Until Full Employment” Is Back In Sight [Forbes]
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Source: Forbes
2020 All 100All Premium All Small All Small Small StrategyForbes GuideBest Credit CardsBest Credit CardsInk Preferred Credit Card5 s Changing The Future Of FoodAll DigestBETAThis is a BETA experience. You may opt-out byclicking hereEdit StoryApr 29, 2020,03:21pm EDTPinned To Zero: Fed Funds Rate To Stay Low "Until Full Employment” Is Back In SightJJ KinahanSenior ContributorOpinions expressed by Forbes Contributors are their own.I am the Chief Market Strategist at TD AmeritradeGetty ImagesKey Takeaways:Today’s Fed meeting takes a definite back seat to a lot of other news. The meeting concluded without a policy change but with the Fed pledging to keep rates at zero until the economy is back on track toward full employment and inflation. The way things are going, that could be a long time.The non-move on rates—widely expected considering the Fed just dialed them down to zero and has made clear it plans to keep things there as long as necessary to help the devastated economy—come
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