Cleveland Fed president Mester: Recovery will require very accommodative monetary policy and fiscal support

Market news

23 September 2020

Cleveland Fed president Mester: Recovery will require very accommodative monetary policy and fiscal support

U.S. payments system handling virus with few disruptions
We may need payment-system rethink after the virus
Fed continues to research the potential for central bank digital currencies

U.S.: Manufacturing PMI, September 53.5 (forecast 53.1)

U.S. Stocks open: Dow +0.46%, Nasdaq -0.36%, S&P +0.10%

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