Federal Reserve

“The Federal Reserve held interest rates steady on July 29, maintaining the target range at 3.50% to 3.75%.”

“The Fed dropped its benchmark rate to effectively zero in 2020, trying to prevent a recession as the coronavirus pandemic caused unprecedented strain on Americans’ health and safety and the economy t…”

“the central bank delivered the year’s first rate cut.”

“The Fed followed up with a second cut to the federal funds rate at the end of October and a third in December.”

“Fed has kept its short term interest rates in the zero to 0.25% range since December 2008.”