Published 4 years ago

Fed vows to keep rates near zero until inflation tops 2%, likely maintaining rock-bottom rates for 4 to 5 years

Summary

The Federal Reserve unexpectedly said Wednesday it will keep its key interest rate near zero until inflation runs “moderately above” its 2% goal for some time, a vow that economists say is likely to keep rates at rock bottom for the next four to five years.

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Times of India

Fed signals rates will stay near zero for at least three years

The Federal Open Market Committee “expects to maintain an accommodative stance of monetary policy” until it achieves inflation averaging 2% over time and longer-term inflation expectations remain well anchored at 2%.

4 years ago·India

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News18 India

Fed Keeps Interest Rates On Hold, Vows To Stay There Until Inflation Rises

The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2% inflation target "for some time."

4 years ago·India

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Reuters

The Fed keeps interest rates unchanged and pledges not to raise it until inflation rises

WASHINGTON - The US Federal Reserve kept interest rates near zero on Wednesday and pledged to remain so until inflation "moderately exceeds" the central bank's target of two percent "for some time". This comes within the framework of a shift in monetary policy announced last month that aims to compensate for years of weak inflation and allow the economy to continue creating jobs for the longest possible period. Saw the bank's policy statement

4 years ago·United Kingdom

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CBC News

Federal Reserve signals plan to keep U.S. interest rate near zero until 2023

The Federal Reserve adjusted its inflation target to seek price increases above 2 per cent annually, a move that will likely keep interest rates low for years to come.

4 years ago·Canada

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Associated Press News

Federal Reserve adjusts inflation target, rate unchanged

WASHINGTON (AP) — The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on...

4 years ago·United States

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USA Today

Fed vows to keep rates near zero until inflation tops 2%, likely maintaining rock-bottom rates for 4 to 5 years

The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining rock-bottom rates for 4 or 5 more years

4 years ago·United States

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