Share this article
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
