Page 8 - பரிமாற்றம் உறுதிப்படுத்தல் நிதி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Toomey Fed demand rocks coronavirus relief bill talks
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Watchdog Members Urge Probe on Mnuchin s Shift of Pandemic Funds
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Republicans Seek to End Virus Lending in Threat to Relief Deal
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Fed Holds Interest Rates Near Zero, Raises Economic Outlook
WASHINGTON The Federal Reserve announced on Dec. 16 that it would keep U.S. interest rates near zero as the pandemic continues to pose “considerable risks” to the economy. Fed policymakers didn’t predict any interest rate increases through 2023.
The central bank also raised its economic outlook, expecting economic and labor market recovery that’s better than its September projections.
After the conclusion of the central bank’s two-day policy meeting, Fed officials said they would hold the federal funds rate at a range of zero to 0.25 percent, in line with expectations. The federal funds rate is a benchmark rate that affects the cost of borrowing on mortgages, auto loans, home equity loans, and other loans.