UTC-05:00,Wednesday , September 23rd 2020

Fed Holds Rates Steady Near Zero And Indicates It Will Stay There For Years

13:17 Wednesday , September 16th 2020
The Federal Reserve kept its pledge to keep interest rates anchored near zero and pledged to keep rates there until inflation rises consistently.
As the central bank concluded its two-day policy meeting Wednesday, it said short-term rates would remain targeted at 0%-0.25%. Officials also changed their economic forecasts to reflect a smaller decline in GDP and a lower unemployment rate in 2020.
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