• Federal Reserve sees rates near zero at least through 2023

    8 days ago - By Boston Herald

    WASHINGTON - The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate.
    The central bank also said Wednesday that it will seek to push inflation above 2% annually. The Fed left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March.
    The Fed's benchmark interest rate influences borrowing costs for home buyers, credit card users and businesses. Fed policymakers hope an extended period of low interest rates...
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  • Federal Reserve plans to keep interest rates near zero at least through 2023

    8 days ago - By Chicago Tribune

    Fed Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic. “A full economic recovery is unlikely until people are confident that it is safe to re-engage in a wide variety of activities,” Powell said.
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  • Fed signals near-zero rates will last through 2023 to lift economy from coronavirus recession

    Fed signals near-zero rates will last through 2023 to lift economy from coronavirus recession

    8 days ago - By Business Insider

    Summary List Placement
    A majority of Federal Reserve officials see interest rates staying near zero through 2023 as part of a long-term accommodative policy strategy.
    New economic projections published Wednesday show 16 out of 17 Fed policymakers seeing rates staying at historic lows through 2022. Thirteen officials expect rates to sit near zero through 2023.
    The central bank voted on Wednesday to hold interest rates at their current lows and continue asset purchases at least at the current pace of $120 billion per month.
    The Fed set new guidance on when it may raise rates, saying it...
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  • Dow Jumps 250 Points After Federal Reserve Pledges To Keep Interest Rates Near Zero Until 2023

    8 days ago - By Forbes

    The central bank expects the economic recovery to continue at a “reasonable pace” over the next few years.
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  • Fed expected to keep interest rates near zero through 2023

    8 days ago - By Los Angeles Times

    New projections show Federal Reserve officials are more upbeat about the economic outlook.
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  • Fed expects to keep rates near zero through 2023

    Fed expects to keep rates near zero through 2023

    8 days ago - By Politico

    Federal Reserve officials on Wednesday projected that they would keep interest rates near zero through 2023 , as it aims to help the economy fully recover from the coronavirus pandemic.
    The central bank expects the U.S. economy to shrink by 3.7 percent this year, a more optimistic forecast than its June estimate of a 6.5 percent contraction, but that number would still be much worse than 2009 - the worst year of the Great Recession - when GDP shrank by 2.5 percent.
    Fed policymakers now expect unemployment to drop to 7.6 percent by the end of the year, also a somewhat more hopeful outlook...
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