Recovery in the US economy signals Fed rate hikes ahead ...Qatar

The Federal Reserve on June 16 held interest rates at near-zero but optimism over the progression of the US economic recovery spurred more Fed officials to project at least one rate hike by the end of 2023. The US central bank held the target range for its benchmark policy rate unchanged at zero to 0.25%, where it’s been since March 2020, and maintained the $120bn pace of its monthly assets (bond) purchase programme. The decision of the Federal Open Market Committee, which is responsible for rate decisions, was unanimous. According to the committee, “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic out

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Last updated : 20 June 2021 clock 01:30 AM

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Recovery in the US economy signals Fed rate hikes ahead ...Qatar

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