Weekly Market Snapshot – September 21st, 2020
Created by: Sam Tenney
- The Federal Reserve Open Market Committee (FOMC) convened September 15th-16th to discuss ongoing monetary policy. Popular consensus is that interest rates will remain at 0% through the end of 2023 at earliest.¹
- More than 24% of the money raised in the US private equity loan market currently has been used to fund dividends to private equity owners, up from an average of less than 4% over the past two years.²
- The Federal Reserve is considering an extension to the restrictions on bank equity dividends and buybacks. Due to economic uncertainty bank stock was restricted from giving dividends or doing share buybacks during the third quarter, a restriction which may be extended to the fourth quarter.³
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