The document discusses changes in the US Federal Reserve interest rates over several meetings in 2020 in response to the COVID-19 pandemic. It notes that the Fed lowered rates to near 0% in March 2020 and kept rates at that level over subsequent meetings in June, July, September and November. Market expectations for the next meeting in December were that rates would remain between 0-0.25%, with a 96.3% chance of no change and a 3.7% chance of a further decrease to -0.25-0%.