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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