Posted on May 23, 2021
Fed holds interest rates near zero, sees faster growth and higher inflation
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Does anyone understand the significance of near zero interest rates and buying $120 Billion in bonds a month?
Fed holds interest rates near zero, sees faster growth and higher inflation
Posted from cnbc.comPosted in these groups: 
Economy
Economy
Edited 3 y ago
Posted 3 y ago
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The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating.
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support an economy that grew strongly to start 2021 as well as to support market functioning at a time when 30-year mortgages still go for around 3%.
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating.
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support an economy that grew strongly to start 2021 as well as to support market functioning at a time when 30-year mortgages still go for around 3%.
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