General World News

The Fed isn’t going to stop buying MBS just yet

The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating it has not made any near-term plans to taper its asset purchases of Treasury– and mortgage-backed securities (MBS).

The FOMC did alter April’s verbiage of the nation’s larger economic status given positive progress on vaccine distribution, employment and inflation. The committee updated its post-meeting statement to acknowledge that economic activity had “strengthened” while noting a drop in their risk assessment. They reported “risks to the economic outlook remain” rather than the “considerable risks” language used in the March statement.

Within the first week of details ⇒

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