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The US Federal Reserve has left monetary policy unchanged

The US Federal Reserve has left monetary policy unchanged


As expected, the US Federal Reserve today left its most loose monetary policy unchanged. He acknowledged that the US economy was picking up speed, but noted that the negative economic effects of the Cowboy-19 epidemic had lasted.

The central bank kept its core interest rate from zero to a quarter of a percent. The central bank wants to continue buying bonds worth $ 120 billion (approximately CZK 2.6 trillion) a month.

The current health crisis continues to weigh on the economy and there are threats to the economic outlook,According to the central bank, the future of the economy largely depends on developments around Govt-19, such as the vaccination process.

As for Andhra Pradesh, the central bank signaled by today’s decision that it wants to see more evidence of a strengthening economic recovery rather than considering limiting measures to support economic growth.

The U.S. economy collapsed 3.5 percent last year from one of the most significant epidemics since 1946. Data on Gross Domestic Product (GDP) growth in the first quarter of this year will be released by the US Department of Commerce on Thursday. The United States is the largest economy in the world.

Source: Fed, AB, CDK, Reuters

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