Fed: leaves rates unchanged between 0 and 0.25%

(ANSA) - NEW YORK, DEC 16 - The Fed leaves interest rates unchanged. The cost of money remains firm in a fork between 0 and 0.25%. This was decided by the central bank in the last union of 2020. The Fed then revises upwards the growth estimates for the US economy in 2021, when the GDP is expected to grow by 4.2% compared to the 3.2% initially estimated.

   2020 will close with GDP down by 2.4%. The Fed's bond purchase program will continue until there is "substantial" progress on the employment and inflation front. The unemployment rate in the United States will remain at 6.7% in 2020 and then drop to 5% in 2021 and 4.2% in 2022, the US central bank estimates. (HANDLE).