Federal Reserve leaves interest rate unchanged at 1.75%
20-Apr-2022
FOMC unanimously decided to keep the current interest rate unchanged in line with moderate economic condition, labour market and inflation conditions. It has also signaled on no further rate cuts in coming future. The Fed has also released it’s projection of important indicators most of which remain the same as prior projections. On the liquidity, the Fed was open for further purchase of other short term securities as and when conditions warrant.