The Federal Reserve's two-day meeting begins today and concludes Wednesday afternoon with an announcement. Following that, Jerome Powell, Chairman of the Federal Reserve, will hold a press conference.
The Fed's main tools for stimulating the economy include a $120 billion-per-month bond-buying program and ultra-low interest rates.
Will the Federal Reserve take any action? We discuss here the factors that FOMC members will evaluate while formulating monetary policy.
The Virus Factor
The pandemic's trajectory is unknown.
As shown in the chart below, while monthly deaths had steadily decreased from 97,395 in January to 8,699 in July, it suddenly spiked in August with 26,000 deaths due to the Delta variant.