BUSINESS
Fed: Fiscal aid to households and businesses is unlikely to be enough - Economo
BUSINESS

Fed: Fiscal aid to households and businesses is unlikely to be enough - Economo

Published: July 2, 2020  |  3 min read, 528 words
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The US Federal Reserve released the minutes of its June 9-10 meeting on Wednesday, during which central bank officials agreed to keep interest rates stable, saying they expect a loose policy to prevail until the economy returns to normal.Officials also held an in-depth discussion on limiting bond yields and strengthening guidelines on how the policy will be defined in the future.Members of the Federal Open Market Committee then voted to keep their key short-term interest rate in the 0-0.25% range, which was cut in mid-March as the Fed sought to provide support for an economy that continues... READ MORE
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