CM Capital Market Blog September 15, 2020

As the week of September 14 gets underway! some of the big financial news that is going to hit the markets is the FOMC Econ Projections, FOMC Statement and the Federal Funds Rate. The general outlook for the Fed Fund Rate is dovish, which means that they aren't looking to make any significant changes to the borrowing rate in the US. This make it easier for people to borrow money which they can put back into the economy to stimulate it, well that's the general thought! This dovish outlook could last until 2023 which would allow the Fed to run a higher inflation rate above its 2% target. There are many things that are still up in the air right now. Will the government close the economy again if Covid-19 numbers get out of hand? Does the Unemployment and the Stimulus packages that follow drive inflation higher then the government can handle? Is inflation something that could be a problem sooner then we all think. These are all questions that we should keep in mind while moving forward in the world of finance. More info on the Fed Rate and FOMC will be presented on  Wednesday September 16 at 2PM! 

... More to come!