From Barchart:

to discuss the latest statement from the Federal Reserve on interest rates. The Fed announced that it will continue its current policy of keeping interest rates near zero and maintaining its asset purchase program. The decision was made in response to the ongoing impact of the COVID-19 pandemic on the economy. Streible and Lichtenstein analyze the potential implications of this decision on various financial markets and provide insights on how investors can navigate the current economic environment.

In other news, the latest report from the Labor Department shows that jobless claims have risen by 16,000 to a seasonally adjusted 351,000. This unexpected increase suggests a potential slowdown in the labor market recovery. Economists had predicted a decrease in jobless claims, making this rise a concerning development. The report also indicates that the number of people receiving unemployment benefits has increased slightly to 2.85 million. These figures highlight the continued challenges facing the labor market as the economy strives to recover from the impact of the pandemic.



Read more: Futures Lower To Start The Day | Notable Fed Speakers This Week