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Finance and Economy

Fed holds interest rates steady as it eyes future tapering

By Zach Halaschak
Published
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Fed holds interest rates steady as it eyes future tapering

The Federal Reserve is staying the course by deciding not to veer from its ultra-loose monetary policy during its September meeting.

This week’s meeting of the Federal Open Market Committee was highly anticipated, given that economists and investors have been eagerly awaiting news on when the central bank will begin tapering its monthly purchases of $120 billion in Treasury bonds and mortgage-backed securities.

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COVID-19 Federal Reserve Interest Rates Jerome Powell Monetary Policy Stocks and Bonds