Fed says rates will stay near zero until 2023

Original article by Nick Timiraos
The Australian – Page: 24 : 18-Sep-20

The US Federal Reserve left interest rates unchanged at its latest policy meeting, with all 17 central bank officials indicating that they expect interest rates to remain at a record low until at least the end of 2021. In addition, 13 of the Federal Reserve officials have indicated that interest rates are likely to remain at close to zero until the end of 2023. Meanwhile, the central bank officials now expect the US unemployment rate to average about 7-8 per cent in the December quarter.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s