The US Federal Reserve has kept the base rate at the same level

News

The US Federal Reserve has kept the base rate at the same level

22.06.2021 News

The US Federal Reserve maintained the base interest rate at 0-0.25%, as expected by the market. This is stated in the message of the financial regulator following a meeting of its leadership.

“The Committee has decided to keep the target rate range for federal funds at 0-0.25% and considers it appropriate to maintain this range until labor market conditions reach levels consistent with estimates of maximum employment, and inflation growth – the target of 2%, “- said in the statement.

In addition to maintaining the rate at the current level, in the coming months, the Fed plans to continue buying treasury bonds for at least $ 80 billion a month, as well as securities secured by collateral (MBS), at least $ 40 billion a month, until significant progress is made in maximum employment and price stability.

The Fed also raised its forecast for GDP growth in 2021 to 7% from 6.5%. The economic growth forecast for 2022 was maintained at 3.3%. According to the results of 2023, it is expected to grow by 2.4% against the previously projected 2.2%.

The US regulator also improved the unemployment forecast for 2022 to 3.8% from 3.9%. In 2021, the unemployment rate is expected to be around 4.5%, in 2023 – 3.5%.

The forecast for inflation in the United States in 2021 was increased to 3.4% from 2.4%, in 2022 – to 2.1% from 2%, in 2023 – to 2.2% from 2.1%.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

The US Federal Reserve has kept the base rate at the same level
News

Amazon reported a 37% increase in revenue

Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]

Next
The US Federal Reserve has kept the base rate at the same level
News

In France, Google was fined € 500 million

In France, the antitrust regulator has fined Google € 500 million, according to the regulator’s press service. “The regulator has fined the company for non-compliance with several court rulings issued in April 2020,” the statement said. Agence France-Presse writes that the fine was imposed for “the corporation did not properly negotiate with the publishers of […]

Next
The US Federal Reserve has kept the base rate at the same level
News

Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%

The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]

Next
The US Federal Reserve has kept the base rate at the same level
News

In China, industrial growth has slowed sharply

China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points. A […]

Next
The US Federal Reserve has kept the base rate at the same level
News

The NBU has increased the purchase of currency on the interbank market 15 times

During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]

Next
The US Federal Reserve has kept the base rate at the same level
News

The first truffle farm in Ukraine

French entrepreneur plans to open the first Ukrainian truffle farm in Kharkiv region. Edouard Henon,the owner of the oldest in Bordeaux truffle plantation, plans to organise a truffle farm in the territory of the regional Kharkiv park landscape .He is sure that all conditions, necessary for the cultivation of a delicacy, are in the Kharkiv […]

Next
The US Federal Reserve has kept the base rate at the same level
News

Alphabet has taken $10 billion in the bond market at a record low interest rate

On August 3, Alphabet issued bonds worth $10 billion. This is the largest issue of debt securities in the history of the company, according to the Reuters. With $ 10 billion bond tranche allocated $ 1 billion with a maturity of 5 years and a coupon of 0.45%. The $4.5 billion tranches with maturities of […]

Next
The US Federal Reserve has kept the base rate at the same level
News

Mondelez International Company evading taxes in the UK amounting to £ 2 billion.

Sunday Times newspaper has investigated and reported as Mondelez International (formerly known as Kraft Foods)-the biggest in North America and the second largest worldwide producer of food avoid paying taxes. According to the Sunday Times, the Cadbury owner – Mondelez International Company (formerly known as Kraft Foods), legally evaded taxes in the amount of tens […]

Next
The US Federal Reserve has kept the base rate at the same level
News

Important events in the business world for a week

LDaily prepared  the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would  be a good opportunity  to correct it. 1. The NBU will start a new system for carrying out the currency transactions Within the last press conferences representatives of the […]

Next
The US Federal Reserve has kept the base rate at the same level
News

China plans to improve the quality of cooperation with Ukraine in the sphere of investments

China is a global player that sets its priorities for both the short and long terms. Ukraine is very interesting for China in the context of investment projects for the future. This is confirmed by a new investment proposal for Ukraine. Ukraine, along with 20 other countries, will be included in the posed by China Association […]

Next
800 600 spek
News

Microsoft, Vodafone, Hewlett-Packard: AI Conference Kyiv to Gather Top AI Experts

On June 4, Smile-Expo will hold annual AI Conference Kyiv in the capital of Ukraine. This year, the conference is focused on business automation using artificial intelligence. Speakers include leading experts from Microsoft, Vodafone, Hewlett Packard Enterprise, METRO Cash & Carry, and other well-known companies. Keynote Speakers of AI Conference Kyiv The conference primarily aims […]

Next
The US Federal Reserve has kept the base rate at the same level
News

Lactalis representatives were included in the Parmalat shareholders

Lactalis dairy products manufacturer has signed an agreement with the Italian company Parmalat – one of the main competitors of the French group in Europe. According to official information, it is about the acquisition of more than 12.2% of the shares of Parmalat: the value of one security is 2.8 dollars per piece. It should […]

Next
The US Federal Reserve has kept the base rate at the same level
News

China is interested in the construction of grain processing plant in Ukraine

The direction of the Chinese “Anhui Foreign Economic Construction Corporation” expressed interest in the construction of the grain processing plant in the territory of Ukraine, the products of which will be exported to China. This was said by the vice-president of the “Anhui Foreign Economic Construction Corporation” Zhang Zhonghua at a briefing in the framework […]

Next
The US Federal Reserve has kept the base rate at the same level
News

” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH

” Kryvyi Rih Iron Ore Plant”, JSC  won in a court case to recover from the ” Mariupol Ilyich Iron and Steel Works “, JSC  the part of the ”Metinvest” group, a total 1.32 billion UAH  for the delivered products – the iron ore together with penalty charges. This is stated in the decision of […]

Next
AXA Granola with Nuts Image
News

MEET NEW NUTTY ENJOYMENT FROM AXA

Good news from products company Lantmannen AXA was not long in coming! Company asked consumers: “What ingredients do you add most often to granola?” One of the most popular answers is nuts. We launched Super nuts Granola! The design has acquired the corporate style of the AXA Granola line. In combination with oatmeal, crispy honey […]

Next
The US Federal Reserve has kept the base rate at the same level
News

S&P forecasts global debt growth of up to $ 200 trillion

World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]

Next