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U.S. Federal Reserve Meeting Minutes: Dec. 16 (Text) Bloomberg 1/6/2021 © Bloomberg The Marriner S. Eccles Federal Reserve building in Washington, D.C. (Bloomberg) Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on Dec. 16: Popular Searches Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) turned first to a discussion of financial market developments. Market sentiment improved over the period, as reduced uncertainty related to the U.S. election and positive vaccine news outweighed the anticipated effect of the ongoing surge in the pandemic. U.S. equity price indexes reached all-time highs, with the largest gains registered in sectors that have underperformed during the pandemic. Corporate credit spreads tightened, most notably among lower-rated firms and in sectors most affected by social distancing measures resulting from the pandemic. Longer-term Treasury yields rose

United kingdomNew yorkUnited statesRichardh claridaNeel kashkariJeromeh powellRoberts kaplanMichellew bowmanMarriners ecclesLael brainardRandalk quarlesPatrick harkerJohnc williamsLorettaj mesterJamesa clouseFederal reserve bank