Business > Economy

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

4 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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Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023

Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023

4 days ago   |   By Forbes

The Fed unsurprisingly held rates steady, but also pledged to keep them low until inflation begins to rise.
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Fed leaves short-term interest rates unchanged at nearly zero

4 days ago   |   By Fortune

The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come.
The Fed on Wednesday also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. Fed officials also indicated in a set of economic projections that they expect the rate to stay there at least through 2023.
The Fed's benchmark interest rate influences borrowing costs for homebuyers, credit card users, and businesses.
The Fed's statement says that because inflation has...
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Fed Pledges Low Rates for Years, and Until Inflation Picks Up

4 days ago   |   By NY Times

Federal Reserve economic forecasts show that interest rates will remain near zero at least through 2023.
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