Fed leaves rates unchanged with no changes to QE, as expected

  
  Analysis

Highlights of the FOMC statement on March 17, 2021:

Highlights of the FOMC statement on March 17, 2021:
  • Lower bound on Fed funds 0.00% as expected
  • Upper bound on Fed funds 0.25% as expected
  • Fed to continue to buy $80B/month in Treasuries
  • Fed to continue to buy $40B/month in MBS
How the market looked moments before the FOMC decision:
FX ratesThe S&P 500 was down 20 points and Nasdaq down 1.1%.
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