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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (181)	12/16/2020 4:45:35 PM
From: rimshot	Read Replies (1) \| Respond to of 1118

Specifically, the Fed kept rates near zero as expected and signaled that it will remain there through 2023, increased its forecast for 2021 GDP growth to 4.2% from 4.0%, and said it will continue to purchase at least $120 billion of Treasury and mortgage-backed securities per month until substantial progress has been made with respect to employment and inflation. The "extraordinarily accommodative" monetary policy, to quote Fed Chair Powell, should reassure the market in the 2021 recovery narrative, especially since the central bank expects any vaccine-induced inflation to be short-lived. Additional fiscal support is still needed, but the wait could soon be over before week's end." end of market wrap excerpt from briefing.com