FED keeps interest Rates Unchanged

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MG News | June 11, 2020 at 12:10 AM GMT+05:00

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June 10, 2020: The US Federal Reserve has voted to keep its benchmark rate near zero in its meeting on Wednesday.

In addition the Fed said it will continue to buy bonds including treasuries and mortgage back securities.

Furthermore, the Fed expects the US GDP to fall by around 6.5% in 2020 before rebounding in 2021.
 

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