After the first interest rate decision of the year, the U.S. Federal Reserve announced that it will maintain the interest rate target range from 0% to 0.25%, and reiterated that it will continue its monthly asset purchase plan of US$120 billion, which is in line with market expectations. However, starting on the 9th of next month, the one-month repurchase operations will no longer be provided regularly. The statement after the meeting pointed out that the US economy is slowing down and the problems are concentrated in the industries most affected by the epidemic. The future direction depends on the progress of vaccination, while the Fed promised to exhaust all tools to support the economy, and will maintain easing policies until inflation is moderately higher than the 2% target for a period of time. Fed Chairman Powell pointed out that once the process of achieving the policy goals slows down, it is not ruled out that more loose policies will be introduced and will be communicated to the market through forward-looking guidance.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.