Federal Reserve Holds Charges, Asset Purchases Regular as Financial Exercise Moderates
The Federal Reserve mentioned Wednesday it might preserve U.S. rates of interest near zero and proceed its $120 billion-a-month bond-buying program.
“The tempo of the restoration in financial exercise and employment has moderated in latest months,” the committee mentioned in an announcement launched after the assembly of the Federal Open Market Committee (FOMC). “The trail of the financial system will rely considerably on the course of the virus, together with progress on vaccinations.”
Different key factors from the assertion:
The low-interest-rate surroundings is regarded as a boon for bitcoin and different high-yield investments that may supply the market alternate options to bonds.