Fed: Interest Rates to Remain at Near Zero Through 2023
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(Worthy News) – Interest rates are expected to stay at near zero through 2023, the Federal Reserve said Wednesday.
Announced as the U.S. central bank concluded its two-day policy meeting, the move aims to stimulate more economic growth as the country recovers from the economic impact of the coronavirus pandemic.
The Fed’s interest rate benchmark determines the cost of borrowing money for businesses and homebuyers, as well as the interest rates on consumer credit cards. [ Source: VOA News (Read More…) ]
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