Federal Reserve Holds Interest Rates Unchanged

The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%.

In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies.

As expected, the decision includes no changes to the Fed’s policies, which the U.S. monetary policymakers remain committed to, in order to support economic recovery from the negative impact of the coronavirus pandemic.