The Fed left the key rate unchanged

The Federal Reserve decided to keep its key rate at the previous level of 0 - 0.25%, which is the tenth time it has made such a decision to date. time it has made such a decision. The given step has justified expectations of most market participants. The regulator again said it would continue to keep rates low rates until employment and inflation targets are met. What As for the prospects for the U.S. economy, they are closely related to how the coronavirus situation will continue to unfold. Despite the availability of vaccines, there are risks to its development, the the Fed's message. This year, all members of the FOMC committee expect to keep the base rate at current levels. Most of them expect the same conditions next year and a rate hike in 2023. According to the Fed's forecast, 2 years from now, the rate will average 0.6%. The Fed's forecast for U.S. GDP for the current year has been revised upward, while the unemployment rate has been left unchanged.