The Federal Reserve on Wednesday signaled it will raise interest rates sooner than it previously planned because of a strong economic recovery and rising...
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The path of the economy will depend significantly on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is track to moderately exceed 2 percent for some time.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eviction protections for renters will extend beyond June in these locationsWith millions of Americans still behind on their rent, some states and cities will continue to ban evictions after the national moratorium expires.
Read more »
Earthquake, Magnitude 3.5 - NEAR S. COAST OF HONSHU, JAPAN - 2021 June 16, 16:41:30 UTCMagnitude: M 3.5, Region: NEAR S. COAST OF HONSHU, JAPAN, Date time: 2021-06-16 16:41:30.0 UTC, Location: 35.50 N ; 139.00 E, Depth: 20 km.
Read more »
Earthquake, Magnitude 4.0 - POLAND - 2021 June 16, 13:22:10 UTCMagnitude: M 4.0, Region: POLAND, Date time: 2021-06-16 13:22:10.1 UTC, Location: 51.62 N ; 16.13 E, Depth: 10 km.
Read more »
Earthquake, Magnitude 1.8 - CROATIA - 2021 June 15, 09:49:26 UTCMagnitude: ML 1.8, Region: CROATIA, Date time: 2021-06-15 09:49:26.0 UTC, Location: 45.44 N ; 16.20 E, Depth: 14 km.
Read more »
Earthquake, Magnitude 2.1 - CROATIA - 2021 June 15, 11:02:30 UTCMagnitude: ML 2.1, Region: CROATIA, Date time: 2021-06-15 11:02:30.7 UTC, Location: 45.50 N ; 14.46 E, Depth: 8 km.
Read more »
New York manufacturing activity cools a bit in JuneThe New York Fed’s Empire State business conditions index fell 6.9 points to 17.4 in June, the regional Fed bank said Tuesday
Read more »