Fed

Fed Has Dim Outlook As Virus Squeezes Economy

Federal Chair Powell stated the ongoing pandemic threatens a modest rebound in early summer, and that the Fed will continue to keep interest rates around zero properly into the potential.

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic restoration that followed a collapse in employing and paying this spring. As a result, he stated, the Fed strategies to continue to keep interest rates pinned around zero properly into the potential.

That faltering overall economy, pressured by a resurgence of the virus, has heightened the require for Congress to keep

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Fed Keeps Rates Unchanged After Three Cuts Last Year

The Federal Reserve held fascination premiums steady Wed., next via on its vow late previous calendar year to stand pat barring a “material” improve in its outlook.

WASHINGTON – The U.S. economic climate retains chugging along but overseas challenges this kind of as the coronavirus carry on to hover, and which is serving to keep the Fed in hold out-and-see method.

As extensively anticipated, the Federal Reserve held fascination premiums steady Wednesday, next via on its vow late previous calendar year to stand pat barring a “material” improve in its outlook.

In a statement immediately after a two-working day conference,

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