WRAPUP 3-Fed sees growth contracting by 6.5% on year, pledges bondbuying at least “at current pace”
The U.S. Federal Reserve on
Wednesday repeated its promise of continued extraordinary
support for the economy as policymakers projected a 6.5% decline
in gross domestic product this year and a 9.3% unemployment rate
at year’s end.
Wednesday repeated its promise of continued extraordinary
support for the economy as policymakers projected a 6.5% decline
in gross domestic product this year and a 9.3% unemployment rate
at year’s end.
Posted by Reuters
