Preview of the Federal Reserve's Federal Open Market Committee monetary policy meeting coming up in December

  • on December 15 and 16, which admittedly is still a long way off

Westpac provide the preview in the context of :

  • the November FOMC minutes gave little away ahead of the December FOMC meeting

But, says WPAC:

  • given new restrictions are being imposed on the economy;
  • initial jobless claims are now rising;
  • and considerable uncertainty remains over the 3-6 month outlook,

the provision of additional support for the economy at the December meeting seems justified, particularly as the FOMC’s inflation and full-employment mandate is a long way from being met, and fiscal policy is absent.

Preview of the Federal Reserve's Federal Open Market Committee monetary policy meeting coming up in December