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Fed minutes show current monetary policy will remain for sometime
2021-04-07 19:38:56 GMT
(Economies.com)
The US Federal Reserve meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged from previous meetings for some time.
The minutes indicated that despite some signs of improvement in the US economy, and Fed officials believe that the economy needs further progress and growth before any decisions are taken to change monetary policy.
The Fed members stated that the $120 billion monthly bond purchase program is providing a boost to the US economy, and will be kept unchanged for sometime.
The Federal Reserve decided during that meeting to hold interest rates between zero and 0.25% unchanged, and raised its forecast for US GDP growth by 6.5% in 2021 from 4.2% in December.
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1.2048
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0.0022
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0.1863%
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1.3887
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-0.0066
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0.4730%
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Tadawul
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10127.90
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18.31
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0.18%
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26.069
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0.278
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1.076%
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62.035
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-1.143
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1.809%
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65.79
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0.39
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0.60%
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1783.710
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12.260
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0.692%
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