The Fed keeps making good decisions to support the economy.
Uneventful FOMC meeting reaffirms stance of maximum support for the economy.
June prime example of how liquidity asset flows benefit investors and the economy.
Majority of FOMC participants project the range to remain at 0-0.25% through at least 2022.
The Fed has been outspoken against negative rates, and a U-shaped recovery could shorten the period they are pinned to zero.
Three reasons to invest in cash.
Fed actions spurred confidence in, and inflows into, liquidity sector.
And that should be good for the liquidity markets.
The Fed has made it very clear it isn't interested.
That the Fed has been adjusting its policy action is impressive and important.
The FOMC statement reiterated it will not hold anything back to aid the economy.
With the Fed as a partner, the cash markets overcame stress in March.
Primary dealers and the short end of the commercial paper market are the latest to get support.
The Fed must decide, on its own, if the coronavirus outbreak qualifies as such.