US Fed maintains interest rates near zero
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- European PP, PE buyers sideline ahead of further drops in June
- China’s April PE imports fall to around 1 million tons, lowest since 2018
- Vietnam’s polymer markets buckle under an influx of Chinese cargoes
- Divergence grows between Egypt’s import and local PP, PE markets
- PP markets in China, Vietnam hit 3-year lows, readying to test new lows
- African PE, PP markets extend slide into May
- Asian PS, ABS markets at 2½-3-year lows amid Chinese oversupply
- India’s Q1 PVC imports hit record-high; did buyers rush to stock up before expected restrictions?
- LDPE prices move below LLDPE, HDPE on global lethargy
- Slide deepens in Middle Eastern PP, PE markets through May
