Fed: Interest Rates Unchanged Between 0 And 0.25%
“The Fed is committed to using all its tools to support the American economy in this difficult time” to promote maximum employment and price stability, reads the note released at the end of the two-day meeting, the first after elections, in which it was decided to leave interest rates unchanged between 0 and 0.25%.
“Economic activity and employment continue to recover but remain well below the levels of the beginning of the year”, continues the note in which it is specified that “the path of the economy depends significantly on the trend of the virus. health crisis will continue to weigh on economic activity, employment and inflation in the short term and poses considerable risks to the economic outlook in the medium term “.
“Financial conditions remain accommodative, partly reflecting policies to support the economy and the flow of credit to households and businesses,” adds the Fed, pledging to keep rates close to zero until labor market conditions they will have reached levels in line “with the central bank’s maximum employment target and until inflation has risen to 2%.
Fed: Interest Rates Unchanged Between 0 And 0.25% - /10