USD 2020-08-16 19:45

FOMC meeting minutes among top things to watch this week

The Federal Reserve will release minutes of its most recent policy meeting on Wednesday at 6:00 GMT.

The U.S. central bank left interest rates on hold  of its policy meeting on July 29 and pledged to keep the monetary stance wide open until the economy has weathered the impact of the virus.

The Fed acknowledged that economic activity had picked up somewhat in recent months, though conceded that it remained "well below" levels seen at the beginning of the year.

Recent economic data has validated the central bank's concerns as strength in the labor market and consumer confidence appear to be on the wane.