- Reaction score
- 1,590
Fed holds rate steady and promises to stay there for years
https://www.cnbc.com/2020/09/16/fed-meeting-decision-interest-rates.htmlAs the central bank concluded its two-day policy meeting Wednesday, it said short-term rates would remain targeted at 0%-0.25%. Officials also changed their economic forecasts to reflect a smaller decline in GDP and a lower unemployment rate in 2020.
Projections from individual members also indicated that rates could stay anchored near zero through 2023.