February 27, 2021
Business News

Fed announces extension in lending facilities until end of the year – Reuters

WASHINGTON (Reuters) – The U.S. Federal Reserve said on Tuesday it will extend several of its lending facilities through the year-end as the central bank continues to dial back expectations on how quickly the U.S. economy will recover from the novel coronavirus pandemic.
The extensions apply to those facilities that were due to expire on or around Sept. 30, the Fed said in a statement.
“The three-month extension will facilitate planning by potential facility participants and provide certaint…

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