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Federal Reserve Keeps Rates Close to Zero, Continues Buying Treasurys
The Federal Reserve said Wednesday it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.
Updated Sep 14, 2021, 9:37 a.m. Published Jul 29, 2020, 6:14 p.m.
The Federal Reserve said Wednesday that it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.
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- Rate to stay in range between 0 and 0.25%.
- Fed says "path of the economy will depend significantly on the course of the virus."
- "Economic activity and employment have picked up somewhat in recent months but remain well below their levels at the beginning of the year," according to the statement.
- "Weaker demand and significantly lower oil prices are holding down consumer price inflation."
- Purchases of Treasury bonds and mortgage-backed securities will continue "at least at the current pace to sustain smooth market functioning."
- The Fed's monetary-policy committee issued the statement at the conclusion of its two-day policy meeting this week.
- Fed Chair Jerome Powell is expected to host a press conference at 2:30 p.m. ET.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020
Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.
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