Fed signals it will keep rates unchanged until at least the end of 2023
Fed officials slash forecast 2020 economic contraction for the US and expect 4% growth in 2021
16 September 2020 - 21:22
New York — The Federal Reserve left interest rates near zero and signalled it would hold them there through at least 2023 to help the US economy recover from the coronavirus pandemic.
The Federal Open Market Committee (FOMC) “expects to maintain an accommodative stance of monetary policy” until it achieves inflation averaging 2% over time and longer-term inflation expectations remain well anchored at 2%, the central bank said in a statement on Wednesday after a two-day policy meeting...
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