Fed sees GDP drop of 6.5% in 2020, pledges at least $120 billion in monthly bond-buying

June 10, 2020 by  
Filed under News

The U.S. Federal Reserve on Wednesday signaled years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year’s end.

Source: Reuters Business News

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