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Fed sees rates near zero through 2022, says asset purchases will continue
The Federal Reserve on Wednesday said it doesn’t expect to lift short-term rates through the end of 2022. The central bank also said it will keep buying Treasurys and mortgage-backed securities, at least at the current pace. There had been some concerns among some economists and financial markets that these purchases, which the Fed says are supporting market functioning, might end as they have been tapered in recent weeks. The central bank has purchased over $2 trillion of Treasurys and MBS since mid-March. The Fed will buy $20 billion in Treasurys this week and up to $22.5 billion in mortgage bonds to stimulate ... (full story)