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Highlights of the June 10, 2020 FOMC interest rate decision The Fed has tapered to $4B/day in Treasuries from a high of $300B/day and there was some expectations they would continue to taper but they are going to keep QE here, which is around $80B per month.

What to watch for Ed Bradford notes that the Fed could offer more-concrete guidance on the pace of Treasury buying. The only guidance from the Fed so far was Powell saying in May that the balance sheet "couldn't go to infinity."

The details probably won't matter There's a fine line between: The economy is doing better (full stop) and The economy is doing a bit better but it's early

The Fed decision is Wednesday at 2 pm ET CIBC Research discusses its expectations for today's FOMC policy meeting.  " Officials will reiterate that the recovery will be slow, even after an apparently quick start in May. which are expected to reappear after being bypassed in March," CIBC notes.

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Comments from the BOE leader: There's nothing market-moving here. More: For bank trade ideas, check out eFX Plus

The FOMC day effect on the stock maret The Fed put is real. US equity futures have turned slight higher now and that aligns them with a dovish trade that's clear in the dollar, rates and gold.

Comments by ECB executive board member, Isabel Schnabel Nothing that stands out all too much but this just further reaffirms that the ECB will adjust its PEPP stimulus accordingly as it sees fit to manage the economic recovery. While most members are insisting this will be temporary, the fact that the recovery could take a […]

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