#209825
Re: Pulso de Mercado: Intradía
Fed Mulled Covid's Economic Damage as it Looks to Long-Term
While short-term rates are targeted near zero, longer-term real interest rates have turned negative. That has sent the price of gold soaring to a record above $2,000 an ounce while the dollar has tumbled against other world currencies.
Markets surged ahead of the release of the minutes. Traders and investors were looking for any changes to the central bank's thinking on the economic recovery, especially given improved jobs and other economic data that has come out since the Federal Open Market Committee's meeting last month.
What remains to be seen is whether the Fed will be more accommodative than it was even after the financial crisis. Twelve years ago, the Fed cut rates to zero and held them there for six years, long after the economy and markets had recovered.
"The time to buy is when there's blood in the streets".[Nathan Rothschild]