Fed Commits to Keep Buying Bonds Until the Economy Gets Back to Full Employment
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The Federal Reserve on Wednesday made a key adjustment to its efforts to support the economy, while upgrading its outlook for growth.
As expected, the Fed held benchmark interest rates near zero following the conclusion of its two-day meeting.
Investors were watching whether the Fed would present outcomes-based guidance in which it would state the conditions necessary for a reversal in policy.
By Jeff Cox | 16 Dec 2020
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