Flash Commentary No. 1449

(SGS Subscription required) • Federal Reserve Will Maintain Its 0.00% to 0.25% Targeted Fed Funds Rate and “At Least” the Current Pace of Asset Purchases, For the Duration
• Broad FOMC Outlook Appears Little Changed in Wake of September Meeting
• Policies Will Continue Until Both Full Employment and Targeted, Prospective Inflation Running Above 2.0% Are Attained
• FOMC Projections Suggest No Return to Normal Conditions Before 2024; Expectations Are for GDP Recovery of Pre-Pandemic Levels Around Fourth-Quarter 2021
• ShadowStats Conclusions: Policy Effects Will Mean a Continued Money Supply Spike, With Consumer Inflation Mounting Rapidly in the Next Six-to-Nine Months

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