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Leagan Realty, Scottsdale Arizona

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Archives for July 2020

FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

July 31, 2020 by Lisa Eagan

Wednesday's post-meeting statement of the Federal Reserves Federal Open Market Committee reaffirmed its concern over the coronavirus pandemic and its impact on the economy and health of all Americans. The Committee voted to hold its benchmark target federal funds range at 0.00 percent to 0.25 percent. Analysts do not expect the Fed to raise its key interest rate more than once in the next three years.

Filed Under: Financial Reports Tagged With: COVID, Interest Rates, Pandemic

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Leagan Realty

12862 East Summit Drive
Scottsdale, Arizona 85259
Phone: 480.766.2115
Fax: 888.422.9951

Email: lisaeagan@leaganrealty.com

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