US Federal Reserve Keeps Interest Rate Unchanged
Following the meeting, the Federal Reserve decided to leave the base rate without changes, as he announced in the official press release. So thus, it remains at the level of 0 - 0.25%. These results justified expectations of the majority of analysts and investors. The regulator makes a decision to keep the rate at the same level for the sixth time in a row, due to the crisis caused by pandemic coronavirus. In March, the rate was unscheduled. twice. The Federal Reserve has reiterated that it intends to keep it at a low level until employment is at its maximum and inflation will not reach 2%. Almost all members of the open markets the Fed believes that next year the rate will remain at the same level. In the near future, the situation with coronavirus will continue have a negative impact on economic activity, employment and inflation, the regulator noted. In the medium term, a pandemic poses serious threats to economic development, warned is he.