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Fed kept the rate and the monthly volume of asset repurchases

Fed kept the rate and the monthly volume of asset repurchases

The decision taken at the end of the next meeting of the Federal Reserve coincided with the expectations of the markets. The central bank kept the rate in the current range, and also did not make changes to the parameters of the asset purchase program. In a statement, the US Federal Reserve noted that the epidemiological situation in the country is improving thanks to the mass vaccination of Americans. In this regard, economic activity is gradually recovering. Employment indicators are strengthening. Problems still persist in those sectors of the American economy that have been most affected by the effects of the coronavirus pandemic. The growth of inflation does not cause the Fed concern, because it is temporary. The Fed believes that despite the improvement in the economy, risks still remain. The central bank intends to support the economy for as long as it is necessary. The Fed has additional tools. They can be used if the need arises. All 11 members of the Open Market Operations Committee supported the decision taken at the end of the meeting.

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