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US Fed maintains interest rates near zero

by ChemOrbis Editorial Team -
  • 28/01/2021 (09:08)
The US Federal Reserve (Fed) decided to maintain the target range for the federal funds rate at 0-0.25% in line with expectations and earlier plans to keep the policy rates stable until at least 2023.

In a statement, the Committee said: “The path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The ongoing public health crisis continues to weigh on economic activity, employment, and inflation, and poses considerable risks to the economic outlook.”

The committee added that they expect to maintain an accommodative stance of monetary policy until its goals of lower unemployment and 2% inflation are achieved.
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