NEW YORK: The big slowdown in US jobs growth last month and the surge in Covid-19 cases signal more hurt ahead for the world’s largest economy, but those rising risks aren’t likely to trigger a rush by the Federal Reserve to ramp up or shift its bond-buying when policymakers meet later this month.
While they may offer guideposts for how their bond-purchase plans may unfold in the months ahead as they continue rounding out a new operating framework laid out in August, their hesitance to do more now boils down to three factors:
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