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Fed Signals It Will Not Raise Rates for Three More Years

Vows to Keep Rates Low for Longer Under Its New Flexible Inflation Targeting Regime. At the conclusion of the regularly scheduled meeting of its Open Market Committee, the Federal Reserve confirmed its decision to keep the target range for the federal funds policy rate between 0 and 0.25% to help the U.S. economy recover from the coronavirus pandemic. The Fed also provided strong forward guidance,...