US Central Bank Vows To Keep Interest Rates Low, Expects Slow Recovery Ahead

US Central Bank Vows To Keep Interest Rates Low, Expects Slow Recovery Ahead

It was also the US central bank's last policy decision before the country's November 3 presidential election, delivering the winner a runway of low borrowing costs for years to come. Recovery Is Here. The new economic projections showed policymakers now see the economy shrinking 3.7% this year, far less than the 6.5% decline they forecast in June.

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