Fed Decided on the Interest Rate!

Fed Decided on the Interest Rate! The Fed decided on the interest rate. The decision came from the US Federal Reserve's (Fed) monetary policy meeting that started on Tuesday. The Fed stated that the federal funding rate remained unchanged in line with the estimates. The US Federal Reserve (Fed) monetary policy meeting that began on Tuesday ended today. In the statement made by the bank, it was stated that the funding rates will not be changed and it was said that it was left within the target band of 0-0.25 percent. No change in interest was expected from the bank. The Fed reduced the benchmark interest rate to zero on March 15 in order to soften the damage caused by the coronavirus outbreak, and then kept it at this level. After this decision, Fed Chairman Powell stated in late August that inflation would be allowed to exceed the 2 percent target and the average rate would be taken into account.   To be continued…