"The path of the economy will depend significantly on the course of the virus", the central bank's policy-setting Federal Open Market Committee (FOMC) said.
"Chairman Powell said that high-frequency data such as credit card purchases, travel, restaurants visits and the like suggested that the USA economy began to slow after virus cases began to accumulate in early June though whether that would continue is uncertain".
"It looks like the data are pointing to a slowing in the pace of the recovery", Fed Chair Jerome Powell said at a news conference, pointing to an apparent pullback by consumers and a slowdown in the rehiring of furloughed workers, particularly by small businesses.
Deaths from Covid-19, the respiratory illness caused by the virus, are also on the rise.
"But they can't tame the virus or manufacture demand, and that's what the economy desperately needs in order to bounce back", he said.
The dollar briefly extended its decline following the decision, while USA stocks maintained their gains and gold remained buoyant.
The vote, to leave the federal funds target rate in a range of 0 per cent to 0.25 per cent, was unanimous. On Wednesday, Powell said the economy's path forward will partially depend on policy actions taken at all levels of government to provide relief and support as needed.
If official economic data backs up early indications of a decline in growth, the Fed could ease policy further, Powell signalled, including by potentially promising no changes to interest rates until unemployment and inflation rates meet explicit benchmarks.
It renewed its low-rate vow a day ahead of a government report expected to show a record 34% drop in annualized economic output last quarter, when authorities imposed lockdowns that closed businesses and kept people home in a bid to slow the spread of the coronavirus.
The US central bank has rolled out almost a dozen new lending and credit programs to fight the economic fallout from the epidemic.
Its rate-setters warned the Covid-19 crisis will "weigh heavily" on activity and poses "considerable risks" to the economic outlook.
Since the Fed's last policy meeting in June, the epidemic has intensified, with an average of around 65,000 new cases detected each day, about three times the pace of mid-June. Republicans are split over whether to support $1 trillion in new spending, and Democrats want a figure closer to the $3 trillion Congress has already committed to fight the crisis.
The border crossing was reopened on Wednesday to allow people from both sides to travel to their native areas to celebrate Eid. Minister Zamrak Khan, MPA Achakzai and Frontier Corps officials held a detailed meeting to end the ongoing conflict.
The four companies are among the top five in market capitalization, representing roughly 20% of the S&P 500's total. The S&P index recorded 25 new 52-week highs and no new low, while the Nasdaq recorded 85 new highs and 14 new lows.
The Republican is trying to reaffirm American domination of space, militarily but also by ordering a return to the Moon in 2024. NASA could then be free to focus on shooting for the stars. "I disagree", Obama said in 2010 at the Kennedy Space Center.
The new album includes the single "Black Parade ", an extended version of it and a remix of "Find Your Way Back" featuring Melo-X. During a Thursday appearance on Good Morning America , she spoke about working with talent to make her vision come to life.
Muslims filled the mosques in Berlin's Tegel Selimiye Mosque which is operated under the Turkish-Muslim umbrella group DITIB. Prayers were performed a couple of times as not many people could gather due to strict social distancing rules.
The recently published U.S. studies show that the syndrome occurs a few weeks after a Corona-infection. Randolph noted that though the syndrome can be deadly, it is rare and there are available treatments.
Maxwell's attorneys tried to stop the documents from surfacing and asked a US district court judge to intervene with a phone call. Maxwell had tried to keep the file secret fearing they could taint a jury in her coming sex-trafficking trial.
Importantly, the researchers noted that their findings were limited to detection of viral nucleic acid and not infectious virus. It was a small cohort study of only 145 patients and made no mention of underlying conditions, ethnicity or gender.
USC and UCLA football will open season against each other
Washington State plays 10 of the 12 teams from its original fall schedule, but the revised version adds a 10th game at USC . The Pac-12 Championship Game will be December 18 or 19 but won't be played at Allegiant Stadium in Las Vegas as planned.
NSW records first coronavirus death in weeks
An 83-year-old man linked to the Crossroads Hotel COVID-19 cluster in southwest Sydney has died, taking NSW's death toll to 52. There were 25,318 tests reported in the 24-hour reporting period, compared with 27,147 in the previous 24 hours.
EU poised to secure Sanofi deal for coronavirus vaccine
London-based GlaxoSmithKline is responsible for making a so-called "adjuvant" substance that helps to make vaccines work better. The new deal works out nearly the same price per treatment as the 2 billion dollar award last week to Pfizer and BioNTech .
Ontario records more than 100 new COVID-19 cases
In Ottawa, four of the new reported cases are among the 0-9 age group and four others have been reported i kids ages 10-19. Currently, 78 people are hospitalized in Ontario due to the coronavirus , while 29 are in ICU, and 15 on a ventilator.