Monday, March 10, 2025
Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year-oil and gas 360

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

CNBC The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, a year that saw an unprecedented halting of business activity in an effort to combat the coronavirus pandemic. However, 2021