FOMC Statement : Key Takeaways

The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. The FOMC is composed of 12 members--the seven members of the Board of Governors and five of the 12 Reserve Bank presidents.

The distribution of 12 members is as following

• 7 members of the Board of Governors of the Federal Reserve System; 
• the president of the Federal Reserve Bank of New York; 
• and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.

The key takeaways of the FOMC meeting are as following:

•  buying bonds "at least at current pace"
• sees 0 rates through 2022
• no negative rate dots
• expects 9.3% unemployment rate end of 2020, 6.5% end of 2021
• sees GDP falling -6.5% on 2020, rising 5% in 2021

Implications FOMC Meet Announcement

This translates into easy money for the next year and a half which means that they are preparing for the effects for the next 18 months.

We look forward to your experiencing the Bank Nifty option tips and commodity market tips as FOMC meeting announcement as at time far-reaching implication on these sectors