The US Federal Reserve will cut its bond purchases from this month on.

The Fed announced on Wednesday after its interest rate meeting in Washington that the key interest rate would remain in the range of zero to 0.25 percent.

Economists had expected the decision.

The aim of the low interest rate policy is to support the US economy in overcoming the economic consequences of the corona pandemic.

So far, the monetary authorities have bought securities for 120 billion dollars a month to boost the pandemic-damaged economy.

Among other things, they have made further substantial progress on the way to a return to full employment, a prerequisite for embarking on a less expansionary monetary policy.

The purchases were launched at the start of the Corona crisis and pushed the Fed's balance sheet to a record $ 8.5 trillion.

The reasons for the targeted exit are the solid economic growth again and the increased inflation.

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