X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Stock photo: Jerome Powell

Federal Reserve officials continue to project near-zero interest rates at least through 2023, while upgrading their economic outlook to reflect greater optimism about the U.S. recovery from Covid-19.

“Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up recently, although the sectors most adversely affected by the pandemic remain weak,” the Federal Open Market Committee (FOMC) said in its policy statement Wednesday. “Inflation continues to run below 2 percent.”

Seven of 18 officials predicted higher interest rates by the end of 2023, compared with five of 17 at the December meeting, so a slightly larger group now see an earlier start to the withdrawal of ultra-easy monetary policy, according to the FOMC’s quarterly economic projections, which were also issued Wednesday.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Dig Deeper

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.