This is Wednesday's Federal Open Market Committee statement after the latest Fed meeting.
Given the unprecedented circumstances brought on by the coronavirus crisis, as well as the Fed's extensive actions to mitigate the pandemic, the central bank has issued statements with more frequency and variance than typical.
The Fed issued three statements in March alone.South Africa Latest News, South Africa Headlines
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Fed seen making small changes to keep fed funds above zeroThe Federal Reserve is widely expected on Wednesday to lift the interest rates that influence its fed funds target, a technical move that could keep interbank lending running smoothly and help prevent financial market disruption should the benchmark rate fall below zero.
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The Fed says it is expanding its municipal bond buying programThe central bank said the facility now will buy debt from counties and states with populations of at least 500,000 and cities with 250,000 residents or more.
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With virus war still raging, Fed peers out of the foxholeThe Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices.
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Fed to Extend Loans to More Cities, CountiesThe Fed will loosen eligibility criteria for its local government lending program, allowing more than 200 cities and counties to participate
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The Fed may provide more details on the policy 'bazooka' it fired to help marketsThe Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the virus impact.
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Australia stocks set to trade higher as investors await Fed rate decisionStocks in Australia were set to edge higher at the open as investors await the U.S. Federal Reserve's decision on interest rates, expected later on Wednesday stateside.
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