Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023

From forbes.com

The Federal Reserve concluded its two-day policy meeting—the last one before the November election—on Wednesday by pledging to keep interest rates near zero until 2023, as the central bank looks to continue to support the U.S. economic recovery out of the coronavirus recession. • In a widely expected move, the Fed kept short-term interest rates steady at the 0% to 0.25% range on Wednesday. • The central bank also signaled that it would keep rates anchored near zero through at least 2023, with all but four members of the Fed board agreeing with the long-term outlook. • Fed officials also issued updated ... (full story)