US Fed Holds Interest Rates Steady Again... Maintains Zero Interest Rate

[Image source=AP Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The U.S. central bank, the Federal Reserve (Fed), on the 29th (local time) decided to keep interest rates unchanged.

The Fed announced in a statement following the regular meeting of the Federal Open Market Committee (FOMC) that it would maintain the benchmark interest rate at the current 0.00~0.25%.

Since the Fed implemented zero interest rates in March due to the COVID-19 pandemic, it has kept rates unchanged in all three subsequent FOMC meetings.

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