The Fed's April meeting minutes detailed a potential 2nd-wave virus scenario that could drag on the economy into 2021
from the Federal Reserve's April meeting released Wednesday highlighted key risks emerging throughout the US as lockdowns pushed forward.
"In this scenario, a second wave of the coronavirus outbreak, with another round of strict restrictions on social interactions and business operations, was assumed to begin around year-end, inducing a decrease in real GDP, a jump in the unemployment rate, and renewed downward pressure on inflation next year," the central bank said.The world's biggest hedge funds like Bridgewater are blending quantitative and fundamental trading. Here's why it's gaining hype on Wall Street.
The meeting ended with Fed officials leaving interest rates near zero and continuing the purchase of Treasurys and mortgage-backed securities. Several committee members "were concerned that banks could come under greater stress," the minutes showed.
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