The FOMC "likes to prepare markets for any major change," said Joe Brusuelas, chief economist at RSM US. The Fed took several emergency measures starting in March 2020, acting quickly as the pandemic caused the world's largest economy to collapse. -The FOMC will convene as the economy sends mixed signals about two of the central bank's top priorities: employment and prices. "If they're looking for 3.5 (percent unemployment) then they'll start raising rates again in 230 years," economist Joel Naroff quipped. "If they're looking for 4.5 (percent unemployment) and still declining then I think the end of next year is reasonable."

Source: Bangkok Post September 19, 2021 01:30 UTC