WATCH LIVE: Press Conference with Fed Chair Powell

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Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.
imageEconomy5 hours ago (Jul 28, 2021 19:10)

© Reuters.

Key Points

  • Fed Funds Rate unchanged at 0.00%-0.25%
  • Maintains $120 billion per month asset purchase programme ($40 billion MBS, $80 billion US Treasuries)
  • Fed says the economy has made progress toward its goals of full employment and average 2% inflation
  • Committee will continue to assess progress in coming meetings
  • Fed says inflation has risen, largely reflecting transitory factors
  • Fed says the sectors most adversely affected by the pandemic have shown improvement but have not fully recovered
  • Full statement available here

Watch Federal Reserve Chair Jerome Powell explain the decisions in the press conference below:

WATCH LIVE: Press Conference with Fed Chair Powell

SoftBank sells 45 million shares in Uber - source

SoftBank sells 45 million shares in Uber – source
By Reuters – Jul 29, 2021

(Corrects SoftBank’s ticker symbol in paragraph 1) By Echo Wang (Reuters) -SoftBank is selling about 45 million of its shares in Uber Technologies (NYSE:UBER) Inc, a source…

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