The Federal Reserve Kept Interest Rates Unchanged
NEW YORK / CITY OF LONDON (SteveRichFX.com) –The 2-year rate dipped to 0.18%. The benchmark 10-year Treasury yield fell to 0.74%.
The Federal Reserve kept interest rates unchanged and indicated it does not expect to raise them through 2022.
The Federal Reserve also expects the economy to contract by 6.5% this year before expanding by 5%.
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