Fed Still İn Crisis-Fighting Mode As Recovery Appears To Moderate

28 January 2021

The Fed’s decision to leave its benchmark overnight interest rate in a target range of 0 to 0.25% and to keep buying at least $80 billion of Treasury bonds and $40 billion of mortgage-backed securities each month was unanimous. The Fed said again that it would leave its bond-buying program untouched until there has been “substantial further progress” towards recovery and would keep the federal funds rate near zero until inflation hits its 2% target and is expected to stay there. That hasn’t happened, and in the statement released after the end of their latest two-day meeting, U.S. central bank policymakers flagged a worrying slowdown in the pace of the recovery.

Source :  Reuters
Post by : Republic of Turkey Ministry of Trade