Global Economic News

Fed Acknowledges Improving Economy, Rising Inflation But Leaves Policy Unchanged

Citing progress on Covid vaccinations and strong policy support, the Federal Reserve on Wednesday upgraded its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected.

A statement from the Fed noted indicators of economic activity and employment have "strengthened," which reflects a modest upgrade from last month, when the central bank said the indicators have "turned up recently."

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by RTTNews Staff Writer

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