U.S. Fed projects near-zero rate to continue through 2023

The U.S. Federal Reserve indicated Wednesday that interest rates will be kept near zero at least through 2023 to support the fragile economic recovery as the coronavirus pandemic lingers, while committing to a recently unveiled strategy seeking to push inflation above its long-term goal of 2 percent.After a two-day meeting of the policy-setting Federal Open Market Committee, the central bank decided it will keep its target range for the federal funds rate at 0 to 0.25 percent and maintain its large-scale asset purchases. The measures were introduced in March as the coronavirus pandemic inte…READ FULL ARTICLE