Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/09/2020 08:57 
16.09.2020 21:26 News >> US: Federal Reserve Keeps Interest Rate Unchanged

US: Federal Reserve Keeps Interest Rate Unchanged

Fed says ongoing public health crisis will continue to weigh on economic activity, employment, inflation.

The Federal Reserve kept its benchmark interest rate unchanged at 0.25% Wednesday, but said US economic recovery will depend on the course of the novel coronavirus.
Stressing that the COVID-19 pandemic is causing "tremendous human and economic hardship" across the US and around the world, the Fed said economic activity and employment have picked up in recent months but remain below levels at the beginning of 2020.
"Weaker demand and significantly lower oil prices are holding down consumer price inflation. Overall financial conditions have improved in recent months, in part reflecting policy measures to support the economy and the flow of credit to US households and businesses," the Federal Open Market Committee (FOMC) said in a statement.
The central bank stressed that the ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, adding it poses considerable risks to the economic outlook over the medium term.
The FOMC reiterated it aims to achieve maximum employment and an inflation rate of above 2% moderately in the long run.
"The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals," the statement added. -



        Latest News
Coronavirus Continues To Impact South America 19 minutes ago...
Argentina, Chile, Bolivia register new COVID 19 cases, fatalities.
South Africa Sees 1,906 New COVID-19 Cases, 88 Deaths 4 minutes ago...
Total number of confirmed infections exceeds 665,000, while fatalities rise to over 16,200.
Anadolu Agency's Morning Briefing – September 24, 2020 19 minutes ago...
Daily briefing on novel coronavirus pandemic worldwide, Turkey, other developments.
Magnitude 4.4 Earthquake Strikes Central Turkey 3 minutes ago...
No casualties reported so far, according to country's Disaster and Emergency Management Authority.
Latin America Remains Region Most Affected By COVID-19 3 minutes ago...
Some countries begin to see drop in new cases as numbers increase in others.

 
      Top News
Sudan: Talks With Americans Dwelt On Arab-Israeli Peace Sudan: Talks With Americans Dwelt On Arab-Israeli Peace
Turkish Trade Minister Urges G20 To Avoid Protectionism Turkish Trade Minister Urges G20 To Avoid Protectionism
Death Toll In Indian Building Collapse Climbs To 37 Death Toll In Indian Building Collapse Climbs To 37
UK Official: World Needs 'More Ambition' On Climate UK Official: World Needs 'More Ambition' On Climate
Israel Sees Highest Daily Spike In Virus Infections Israel Sees Highest Daily Spike In Virus Infections
UN Security Council Needs To Be Restructured: Erdogan UN Security Council Needs To Be Restructured: Erdogan
Fight Virus With Multilateralism: UNGA President Fight Virus With Multilateralism: UNGA President
Trump To Announce Supreme Court Nominee Saturday Trump To Announce Supreme Court Nominee Saturday
Palestine Says 100,000 Virus Swabs Damaged By Israel Palestine Says 100,000 Virus Swabs Damaged By Israel
Turkey: Consumer Confidence Index Up In September Turkey: Consumer Confidence Index Up In September