- The FOMC has become increasingly concerned about persistent negative effects from COVID on the economy
- Fed seemed more pessimistic about medium-term implications and the possibility of a V-shaped recovery
- Increasing view that recovery will be more gradual with downside risks
- Actively debated mid-term strategy for monetary policy
- The FOMC will most likely give stronger forward guidance in their June meeting for policy rate and announce monthly paces for QE purchases
Elon Musk’s Tesla Expected to Record First Full Year of Profitability
So far, so good Elon.
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