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ACT's COVID-response – one year in - World


ACT’s COVID-response – one year in
Format
It is now over one year since the COVID-19 pandemic turned the world upside down. ACT, together with Religions for Peace, issued a joint statement on COVID-19 on March 26th 2020 in the early days of the pandemic, and has continued to work on responding to COVID-19 ever since. In this article, we would like to reflect on and share what has been achieved in our global response to this unique challenge.
Appeals and Rapid Response Funds
ACT established coordination mechanisms at the global, regional and national levels by the end of March 2020, and then launched a Global Appeal with a budget target of USD 12,000,000 on 31st March 2020. The appeal incorporated both Rapid Response Funds (RRFs) and appeals to meet the needs of communities as identified by ACT members in many countries. ....

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17 March 2021 FOMC Meeting Statement: Few Changes And No Change To The Federal Funds Rate


The Federal Reserve s meeting statement included no rate change (as it is already at zero), and the meeting statement was literally unchanged except for the following:
Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up recently, although the sectors most adversely affected by the pandemic remain weak. Inflation continues to run below 2 percent.
Analyst Opinion of the FOMC Meeting Minutes
Outside the minutes:
The economic projections of the FOMC members starts after the meeting minutes.
In light of the sustained smooth functioning of markets for agency commercial mortgage-backed securities (agency CMBS), the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will no longer conduct regular operations to purchase agency CMBS at the conclusion of the current schedule. The agency CMBS purchase operation currently scheduled for March 23, 2021 is expected to be the last regularly-s ....

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