#NEW The Federal Reserve says the U.S. economy is improving, leaves interest rates unchanged
FOMC statement says, “amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened”
FOMC statement says, “amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened”
#MORE The Fed also removed language from its statement which said the pandemic posed a “considerable risk” to the U.S. economy
The Central Bank said it will continue $120 billion of asset purchases per month to support the economy
The Central Bank said it will continue $120 billion of asset purchases per month to support the economy
#MORE The bank has vowed to continue that program until it sees “substantial further progress” on restoring employment and 2% stable inflation
The FOMC statement did note rising inflation but said it is due to "transitory factors"
The FOMC statement did note rising inflation but said it is due to "transitory factors"
#MORE The Fed forecasts inflation will rise to 2.05% at the end of 2021, 2% in 2022, 2.1% in 2023, and 2.2% in 2024
Central Bank's target is 2% and the Fed has said it will allow inflation to run hot before raising rates, prioritizing employment
Central Bank's target is 2% and the Fed has said it will allow inflation to run hot before raising rates, prioritizing employment
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