Breaking: Fed Leaves Interest Rates Unchanged, Doubles The Pace of Taper To $30 Billion Monthly
Policymakers at the United States Federal Reserve have voted unanimously to leave interest rates at status quo at the end of their two-day meeting on Wednesday. According to the CNBC report, the Fed says it remains committed to use every tool at its disposal to support the nation’s economic recovery by buying bonds at a clip of $30bn per month.
There was an untold fear and skepticism around the monetary policy status quo before the Wednesday meeting, especially with regards to its impact on crypto markets, and the U.S stocks.
More updates will be added as to this post as more information come to light.Source