The Fed has kept the key rate at the same level

The Federal Reserve yesterday decided to leave the interest rate without changes. Thus, it continues to be at level 0 - 0.25%, which confirmed market expectations. Regulator meeting took place on the 28th and 29th, the next scheduled for June 9-10. Against this background, American exchanges showed growth on Wednesday - by the end of the day, the Dow Jones rose 2.21%, the S&P 500 - 2.66%, NASDAQ - by 3.57%. Let us remind you that this year the rate was in urgent the order has been reduced twice, which happened in March. These measures were adopted due to the difficult economic situation with which the world faced in connection with the coronavirus pandemic, the Fed explained. Economic activity has fallen sharply in both the US and elsewhere countries due to the imposed restrictive measures. The Office noted that inflation is currently being curbed by low demand and collapse of oil prices. The Federal Reserve announced plans to continue the buyout of Treasury and mortgage securities as long as there is a need.