Home / Market Update / Fed hasn’t mentioned tapering schedule

Fed hasn’t mentioned tapering schedule

The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.

Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the economy’s recovery.
Inflation is elevated, largely reflecting transitory factors.
Broader vaccinations will continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain persisting.

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …