Federal Reserve rate decision highlights April 29, 2020
- Rates unchanged in a range of 0.00%-0.25%, as expected
- Fed says rates to stay at lower bound until economy has weathered recent events and on track to achieve unemployment and inflation goals
- Fed funds rate 2-year projection vs 1.6% prior
- Fed funds rate 3-year projection vs 1.9% prior
- Fed funds rate long-term projection vs 2.50% prior
Powell will host a virtual press conference at 1830 GMT. The next scheduled meeting is June 9-10