Key Points
- The Federal Reserve said Monday it will start buying individual corporate bonds. 1
- Bloomberg reported that U.S. President Donald Trump’s administration is preparing a $1 trillion infrastructure proposal.
- Fed Chairman Jerome Powell is due to testify before Congress on the central bank’s monetary policy maneuver
Moving to a more aggressive bond-buying strategy “may also reflect the Committee’s view that the economic recovery from the ongoing COVID-19 crisis will be an extended and challenging one, with credit markets requiring extensive support,” Friedman added. 1
The Fed has been deploying historically aggressive policy moves over the past three months, and Monday’s action again raised fears of overreach as the central bank helps prop up a credit market laden with “zombie” companies whose revenues don’t cover their debt payments 1
The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. 2
The monthly report, due to be released by the Commerce Department on Tuesday, is expected to show overall receipts at U.S. retailers jumped 8.0% last month, according to a Reuters poll of economists. 3
Notice
- ข่าวที่ออกมาเหมือนเศรฐกิจไตรมาสสองอเมริกาจะแย่จริง เพราะใช้นโยบายการเงินที่ไม่เคยใช้มาก่อนหลายอย่าง บวกกับการออกข่าวว่าจะออกแผนกระตุ้นเศรฐกิจต่างๆ