Fed set to keep rate near zero, hint it will stay there longer despite upgraded forecasts
Story Date: 9/17/2020

 

Source:Paul Davidson, USA TODAY, 9/15/20


The Federal Reserve meets this week amid an economy that has partially rebounded from the punishing COVID-19 recession more swiftly than expected as well as signs that damage from the crisis could linger for years. It goes without saying the central bank has no plans to raise its key short-term interest rate from near zero, where it’s hovered since Fed officials dramatically slashed it in the depths of the pandemic in March.

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