国际英语资讯:Spotlight: U.S. Fed likely to offer more guidance on rates next week amid COVID-19 fallout_时事

国际英语资讯:Spotlight: U.S. Fed likely to offer more guidance on rates next week amid COVID-19 fallout

"While the market reaction from such a move would likely be relatively small given that this appears to be the market's base case scenario, it would at least reinforce the idea," he said.

Roberto Perli, a former Fed staffer and now head of global policy research at Cornerstone Macro, also expected the SEP to show that Fed officials would not want to raise rates before 2022.

In Bryson's view, any changes to the Fed's projections for federal funds rate over the longer run will be more important. "If the median projection for the longer-run fed funds rate falls precipitously, this could be a more material form of forward guidance," he said.

Ryan Sweet, an economist with Moody's Analytics, believed that the central bank is leaning toward an outcome-based forward guidance, similar but not identical to that used in the last recession.

"This time around, we anticipate that the Fed will use forward guidance that commits to delay the liftoff from the effective lower bound until full employment and 2% (inflation target) have been achieved," Sweet wrote Monday in a note.

"If the Fed adopted this approach to forward guidance, it would be dovish, requiring meeting both an employment threshold and an inflation threshold, rather than just one or the other," he said.

The Fed cut interest rates to near zero at two unscheduled meetings in March and began purchasing massive quantities of U.S. treasuries and agency mortgage-backed securities to repair financial markets. It also unveiled new lending programs to provide up to 2.3 trillion U.S. dollars to support the economy in response to the pandemic.