Fed Holds Steady on Interest Rates But Shaves 2021 Economic Forecast

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Fed Holds Steady on Interest Rates But Shaves 2021 Economic Forecast
The central bank suggested it may ‘soon’ be time to end its easy money stance.

The Federal Reserve Board left interest rates unchanged Wednesday, while trimming its 2021 economic forecast and hinting that an end to its accommodative stance on monetary policy could come “soon.”

The move was largely expected. In December, officials said they would continue the bank’s $120-billion-per-month purchases of Treasuries and mortgage-backed securities, which have kept interest rates low and boosted the stock market…Read More