Fed hasn't touched on the interest rate and bond purchases

The Fed has kept its policy interest rate steady in the range of 0-0.25 percent, in line with expectations, and has not changed its verbal guidance on bond buying.

The US central bank (Fed) did not change its policy rate in line with expectations, leaving it steady in the range of 0-0.25 percent. It said it would maintain its asset program at least $ 120 million per month. The interest decision was unanimous.

The Fed, which has not changed its verbal guidance on asset purchases, said that this policy will continue until "significant progress" is made on its goals for maximum employment and price stability, totaling $ 120 billion, including at least $ 80 billion a month for Treasury bonds and at least $ 40 billion a month for mortgage-based securities purchases.

The pace of recovery has slowed in recent months

"The pace of recovery in economic activity and the employment market has slowed in recent months, especially weakness caused by sectors more affected by the pandemic," the Federal Open Market Committee said in a written statement.

The course of the economy, including progress in vaccination, will depend largely on the course of the virus, he said, adding that the ongoing public health crisis continues to put pressure on economic activity, employment, and inflation, posing significant risks to the economic outlook.

Reiterated its determination to use all tools

The Fed statement reiterated the bank's commitment to using all its tools to support the U.S. economy during this challenging period, thus supporting its goals of maximum employment and price stability.

Noting that regular one-month Repo Auctions had ended, the Fed announced that large-scale, overnight repo operations would continue.

On the other hand, another statement from the Fed said that the committee approved the new approach adopted by Fed Chairman Jerome Powell in his monetary policy strategy announced on August 27.