*US FED Meeting Update* The US FED held interest rates steady in a decision that came along with a tepid outlook on the coronavirus-plagued economy.
In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic.
The Central Bank also expressed its commitment to maintain its bond purchases and the array of lending and liquidity programs also associated with the virus response.
The post-meeting statement labeled the current state of growth as better than it was at the trough but still not up to par.