Fed costs money for money in case of first decision in the ‘Biden era’

The Federal Reserve of the United States mantuvo sin cambios su tasa de interes este mèrcoles, in line with the market’s expectant.

El referencial quedó así in the rank of 0-0.25 per cent, level that has been maintained since the emergence reports applied by the EU Central Bank in March 2020.

The decision of the Federal Reserve officials was unanimous.

The Fed signaled, in its communication, that the economic recovery truck “significantly depends on the course of coronavirus, including the progress of the vacancy“.

In addition, it indicates that the economy and employment in the EU will have a moderate recovery, with the signs of disability present in those sectors most affected by the pandemic.

This is the first monetary policy decision by the Fed in the administration of Joe Biden.

Exactly the mandate states a proposal package of estimates of 1.9 trillion dollars to postpone the recovery of the state economy, which tends to follow the approval of the Congress.

The Fed, led by its President Jerome Powell, has welcomed the importance of approving a new round of support for the EU economy recovering from the crisis provoked by the pandemic.

If the GDP is stable, there is a historical record of 33.4 per cent in the third quarter of last year, according to data from the Department of Commerce, the case and deaths of the new coronavirus in the EU can affect the recovery rate in the last three months of 2020.

United States is the nation with more confirmed cases (25.4 million) and decesos (425 million 250) by COVID-19, in agreement with Johns Hopkins University.

Chuck Schumer, leader of the Democratic majority in the Senate, assured that the legislators could vote on the proposal as soon as the next week, incluso si no cuentan con el apoyo de los republicanos.

Check the status and benefits hogares by example, the key components of the package, only a simple mayor is required to be approved.

On the other side of the fight against the pandemic, the vaccination against COVID-19, the Biden plan administration is ordering 100 million extra doses of Pfizer and Modern to send 10 million vacancies at least once a month to the states.

The Central Bank repeats that it maintains its program of bonuses at the current rate of $ 120 million, with the latest increase in employment growth and inflation and inflation targets.

With information from AP, Bloomberg and Rubén Rivera

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