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:
The S&P 500 was down 20 points and Nasdaq down 1.1%.