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

  • The Cabinet of Ministers denied the statement about toll roads
    News

    The Cabinet of Ministers denied the statement about toll roads

    Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

  • McLaren has introduced a new convertible
    News

    McLaren has introduced a new convertible

    The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]

  • Apple, Microsoft and Alphabet’s profits rose to record highs
    News

    Apple, Microsoft and Alphabet’s profits rose to record highs

    The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]

  • BMW is forced to shut down factories due to a shortage of microchips
    News

    BMW is forced to shut down factories due to a shortage of microchips

    Another plant of the German carmaker BMW has been suspended. Next week, the company’s plant in Regensburg will be temporarily closed due to a shortage of semiconductor microchips, a BMW representative told the industry publication Automobilwoche. The plant will be shut down completely throughout the week. After that, a summer break will begin at the […]

  • The ranking of the best airlines in the world in a pandemic has been announced
    News

    The ranking of the best airlines in the world in a pandemic has been announced

    AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]

  • Ukraine has seized international VPN servers
    News

    Ukraine has seized international VPN servers

    The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]

  • The rate of bitcoin has approached 40 thousand dollars
    News

    The rate of bitcoin has approached 40 thousand dollars

    During the trading session on Monday, July 26, bitcoin accelerated growth and traded at $ 39,177 thousand (+ 10.58%). This is evidenced by data from the portal Coindesk. After that, the cryptocurrency rate slowed down and was at $ 38,939 thousand (+ 9.91%), after which it began to move further. Last night the rate of […]

  • Uber buys Transplace, a logistics technology company, for $ 2.25 billion
    News

    Uber buys Transplace, a logistics technology company, for $ 2.25 billion

    Uber has announced an agreement with TPG Capital to acquire Transplace, which provides the widest portfolio of technology services and solutions in the logistics and transportation industry. The estimated amount of the deal is a considerable $ 2.25 billion, but about $ 750 million Uber will pay in the form of its own shares, and […]

Read also

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

SoftBank Group Corporation buys ARM Holdings Plc

Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]

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

Philip Morris lost a case to the Australian Government

Large  tobacco company  Philip Morris couldn’t prove that the new Australian legislation, which involves standardized packs for all manufacturers of cigarettes, violates the intellectual property rights of the brand. The company  filed a lawsuit against the Government of Australia to the arbitration court in Singapore, that refused to consider the case on the grounds that […]

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

The AMCU allowed the NAP II Holdings to buy more than 50% of the shares in two agricultural companies

Recently, the Antimonopoly Committee of Ukraine allowed the company NAP II Holdings B.V. (Netherlands), controlled by  the NCH Capital (USA) to acquire more than 50% of the shares of two agricultural enterprises in the Khmelnitskyi region. This is stated on the AMCU  website. The permission granted for the purchase of the  shares of the companies […]

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

Vinnytsia IT – Academy received 10 million UAH from the RIA Fund

Founder of media corporation RIA Media Corp. Oleksandr Chovhan singled out from his eponymous Foundation impressive sum of money in the development of IT sphere in Ukraine. The funds were invested in Vinnitsa IT – Academy in exchange for a share in the amount of 61% in the structure of the institution. According to Tetiana […]

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

The founder of Microsoft announced when the drug from COVID-19 will appear

The coronavirus epidemic in the world will intensify by the end of this year due to the seasonality of the infection, but in early 2021 the situation will improve. This opinion was expressed by the head of Microsoft Bill Gates at the virtual conference GeekWire Summit. This was reported by Inc. “The good news is […]

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

Apple has been fined by the Italian government by € 318 million

 Apple has received a fine of € 318 million from the Italian regulatory authorities. Apple is accused of violating tax laws, namely in the tax evasion in Italy by transferring funds to Ireland. During the investigation, regulatory authorities found that the company deliberately transferred funds in the amount of € 880 million to Ireland, where […]

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

URE Club: 10 years of creating opportunities

In autumn 2008, when the companies did not seem to take care about participation in associations, an absolutely new union, unique both regarding a format and essence, appeared at the real estate market of Kyiv. It is the union that, for a decade, has been successfully helping to solve the most topical issues in the […]

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

The manufacturer of “Oleyna” opens a plant in Mykolaiv region

The “Bunge Ukraine” company launches a new oil-extraction plant in Mykolaiv region. The estimated capacity  is 2400 t / day. According to the “APK-Inform”,  as referred to the sources of  the company,  the “Bunge Ukraine” company plans to put into operation the oil-extraction plant in Mykolaiv region in the coming months. Currently, the pre-commissioning activities […]

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

The United States has allowed Amazon to deliver parcels by drone pilots

The American corporation Amazon has received permission from the Federal Aviation Administration of the United States to use drones to deliver cargo. This was reported by TASS. As reported, on August 29, management allowed the “use of unmanned aerial systems” service Prime Air, owned by Amazon. The relevant inquiry Corporation sent in 2019. Representatives of […]

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

Coca-Cola’s net profit for 9 months decreased by 9%

The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]

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

Visa reported the first decline in quarterly revenue and profit since Visa started to be public in 2008

Shares of Visa, which rose 4.7% since the beginning of the year and recovered almost all losses in February and March, which decreased after the publication of the financial report for the 3rd quarter, that ended on June 30. Income per share of Visa in the 3rd quarter decreased from 23% to $ 1.06, which, […]

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

Big business has increased budget allocations

Ukrainian large taxpayers transferred UAH 362.3 billion in tax payments to the state budget in January-November 2020. According to the press service of the Office of Large Taxpayers of the State Tax Service, this is 11% more than in the same period last year. The share of tax payments from large businesses served by the […]

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

Naftogaz has increased oil production in Egypt

The joint venture of Naftogaz of Ukraine and the Egyptian General Petroleum Corporation – Petrosannan Company – has added 20%, or 600 barrels per day, to oil production in the Western Desert of Egypt, the company’s press service reports. This was reportedly made possible by fracturing in the pilot wells. It is noted that if […]

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

SpaceX has postponed the launch of the 12th group of Starlink satellites

American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]

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

Among the 1 million companies operating in Ukraine only 16% of employees work in IT

Ukrainian monitoring center registration data OpenDataBot has promulgated the final quantitative indicators of the enterprises registered in Ukraine. From these data, it became clear that for the year in Ukraine already exist more than a million active businesses, but despite this, very few of them are operating in the field of intelligent technologies (IT) – […]

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

ATB buys Barvinok network

As “Liga.net” reports, ATB will have finished the transaction on purchase of large West Ukrainian Barvinok retail network until the end of the year. ATB,the largest food retailer buys the Barvinok West Ukrainian network.The network has already changed the owner in 2015. Then Eurotek purchased it. The investment banker who wished to remain unnamed reported:”ATB […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com