Fed keeps rate unchanged, rules out any hikes before full recovery

The US Federal Reserve kept the interest rate unchanged between zero and 0.25%, in a widely expected move, and ruled out any rate hike before the  the recovery of the economy and the labor market in addition to inflation.

Despite this, the central bank sees some improvement in the labor market and economic activity in the United States, reaching levels before the emergence of the "Corona" virus crisis early this year.

However, the Fed sees improvement in the US economy and the labor market, as some economic activity recovered to their pre-pandemic levels. 

The Fed also stressed again on taking all the necessary tools and measures until the economy recovers and returns to its growth path.

Additionally, the Federal Reserve kept its assets purchase program at $120 billion per month.