Mantengu Mining Limited: Securities Transactions by Director’s Associate

On Thursday morning, the Federal Reserve announced that it would be leaving interest rates unchanged, which was in line with market expectations. The decision comes as the economy continues to show signs of recovery from the impact of the COVID-19 pandemic.

The Federal Open Market Committee (FOMC) stated that although progress has been made in the overall economy and the labor market, they are still far from their goals. As a result, the Federal Reserve will continue to provide support through ongoing asset purchases and keeping interest rates at near-zero levels.

Fed Chair Jerome Powell emphasized the importance of remaining patient and committed to supporting the economy until substantial further progress is made. He also noted that inflation has increased, largely due to transitory factors, but the Fed expects it to return to its target of 2% over time.

Overall, the Federal Reserve’s decision to keep interest rates unchanged reflects their continued commitment to supporting the economy as it navigates the challenges of the ongoing recovery. Investors and market participants will be watching closely for any updates from the Fed as the situation evolves in the coming months.