For the months to come, the Fed committed to buying more Treasury and agency mortgage-backed securities at least at the current pace of purchases to continue supporting financial market conditions.
Fed Chairman Jerome Powell was expected to speak at a news conference at 2:30 pm ET.
But Powell has repeatedly called for more government stimulus to go along with the monetary stimulus the Fed is providing.
With no clarity on who will win the presidential election as of yet, it’s unclear what kind of stimulus package the next administration will put forward.
This is a developing story. It will be updated