We’ve never seen anything like this. Since the onset of the COVID-induced recession, unprecedented levels of monetary and fiscal stimulus have been pumped into the economy, demonstrating the Federal Reserve’s efforts to support the economic recovery. To prevent the fallout seen during the Great Depression after monetary accommodation was withdrawn too early, the Fed plans to continue this accommodative policy. Against this backdrop, continued volatility could be on tap as the market unpacks the effects of surging COVID-19 cases, the U.S. presidential election, the historic gains from the pandemic-driven low point and economic reopenings. According to some analysts, this …read more
Source:: Yahoo Finance
