WASHINGTON, DC—The Federal Reserve on Wednesday maintained its benchmark interest rate, signaling two potential rate reductions later this year despite revised projections for higher inflation and slower economic growth. The Federal Open Market Committee (FOMC) kept its key borrowing rate targeted in a range between 4.25% and 4.5%, a level it has held since December. Markets had widely anticipated no […]
WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, […]
BALTIMORE, MD—After coronavirus fears led to a stock market free-fall last week, the Federal Reserve is taking action. Here in Maryland, new reports suggest that up to seven residents are now being tested for COVID-19. Six people have died from coronavirus in Washington state and at least 100 others are sick. The Maryland Department of Health now reports that 7 […]