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RSS FeedsFed leaves low rates alone and sees no moves in near future
(WorldNews Business)

 
 

12 december 2019 02:20:17

 
Fed leaves low rates alone and sees no moves in near future
(WorldNews Business)
 


WASHINGTON (AP) - Chairman Jerome Powell made clear Wednesday that the Federal Reserve is prepared to keep its benchmark interest rate very low through at least next year - and possibly longer. Fueling that expectation is the growing belief of Fed officials that inflation will remain tame even as the economy keeps growing modestly and the job market remains solid. The lowest unemployment rate in a half-century - 3.5% - won`t necessarily fan high inflation as it might have in the past, Powell suggested at a news conference. On Wednesday, the Fed left its key short-term rate in a low range of 1.5% to 1.75% after having reduced it three times this year. Powell had previously characterized those...


 
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