Thursday, July 30, 2020

Fed holds U.S. interest rate steady, citing ongoing COVID-19 drag on economy

Federal Reserve-Shelton

The Federal Reserve is expressing concern that the viral outbreak will act as a drag on the economy and hiring in coming months and that it plans to keep its benchmark short-term interest rate pegged near zero.



source https://www.cbc.ca/news/business/fed-rate-decision-1.5667665?cmp=rss

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