Den amerikanske centralbank traf på sit møde i går ingen beslutninger før sommerferien, og det betyder, at der ikke sker noget som helst på centralbankfronten før september. Men Centralbankchefen Powell sagde dog, at genopretningen sker langsommere end forventet, og så hæftede han sig ved noget, som centralbanken ikke tidligere har kommenteret, nemlig befolkningens sundhed. Ergo: Økonomien er afhængig af virus-epidemiens udvikling og de langsigtede konsekvenser for befolkningens sundhed.

Uddrag fra BNP Paribas:

US FOMC: Winding up for September [Flash] The FOMC’s July meeting delivered few changes, as expected. Chair Powell emphasized the preeminence of Covid-19 in determining the path of the economy, as well as cited high-frequency data that indicate a slowdown in the pace of recovery. The Fed Chair also confirmed that the Committee will wrap up deliberations on its framework review in the “near future”, but refrained from sharing further details on possible strategy and forward guidance changes. We continue to see the FOMC concluding its framework review by September and announcing both a move to average inflation targeting and outcome-based forward guidance tied to realized inflation. View Document