2nd LD Writethru: U.S. Fed keeps interest rates near zero amid COVID-19 resurgence


By Gao PanXu Yuan
  • World
  • Thursday, 30 Jul 2020

WASHINGTON, July 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero amid a recent resurgence in COVID-19 cases nationwide.

"Following sharp declines, economic activity and employment have picked up somewhat in recent months but remain well below their levels at the beginning of the year," the Fed said in a statement after concluding a two-day policy meeting.

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