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!!! A state-by-state breakdown of US coronavirus cases !!!
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(1) 08282021 - Fed on track to slow aid for economy later this year
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed¡¯s extraordinary response to the pandemic recession. The Fed¡¯s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards and business loans. The Fed has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending. Powell¡¯s comments indicate the Fed will likely announce a reduction — or ¡°tapering¡± — of those purchases sometime in the final three months of this year.
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