Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession.That hasn’t happened, and the Fed in a policy statement flagged a potential slowing in the pace of the recovery.“The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic”, the U.S.
central bank said in the statement, which was released at the end of its latest two-day meeting.“The ongoing public health crisis continues to weigh on economic activity, employment, and inflation, and.