ZiG notes, coins stutter onto market -Newsday Zimbabwe
NewsDay established that banks were only issuing coins and ZIG10 notes.
Stay updated with breaking news from Policy Statement. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NewsDay established that banks were only issuing coins and ZIG10 notes.
The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington.
The Fed's latest policy statement, issued at the end of a two-day meeting, kept key elements of its economic assessment and policy guidance intact, noting that "inflation has eased" over the past year, and framing its discussion of interest rates around the conditions under which borrowing costs can be lowered.
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.