Recents in Beach

US Fed leaves key interest rates unchanged

US Fed leaves key interest rates unchanged




Concluding its two-day policy  meeting the u.s central bank has held  target range for its benchmark policy  rate unchanged  at zero to 0.25 percent it also pledged  to continue  asset purchases at a 120 billion dollar  monthly pace until substantial further  progress  had been made on employment and  inflation the federal reserve yesterday  began closing the door on pandemic  driven monetary policy  as officials projected an accelerated  timetable for interest rate increases  fed also said 15 month old health  emergency was no longer a core  constraint  on u.s commerce signaling that broad  changes in policy may happen sooner than  expected u.s central bank officials have  also moved  their first projected rate increases  from 2024  into 2023.  fed chair jordan powell he said has also  been initial discussions about  when to pull back on the fed's 120  billion dollar  in monthly bond purchases jerome  powell's comments  and the new fed policy statement they  have marked a strong vote of confidence  that u.s recovery is on track with even  pandemic  and even present fact of life has  conditioned  monetary policy since march of last year  of diminishing concern now  fed officials said influence of kobe 19  vaccinations would continue to reduce  effects of pandemic it's a sentiment  offered a day after new york state  and california lifted most of the  remaining pandemic  link ties.

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