Fed sees interest rates staying near zero through 2022
June 10, 2020
- The Federal Reserve voted Wednesday to keep benchmark short-term rates near zero.
- In addition to the rates move, the Fed said it would keep buying bonds, targeting $80 billion a month in Treasurys and $40 billion in mortgage-backed securities.
- On the economy, the Fed sees GDP tumbling 6.5% in 2020 but bouncing back to a 5% gain in 2021.
About the author
Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. SilverSeek.com continues to lead and connect the silver investor community with up-to-date information on the silver markets providing visitors with live silver prices, covering and analyzing the silver mining and exploration companies, discussing silver as money and related topics.