Thu, Jun 25th, 2009
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Federal Reserve policymakers ended a two-day meeting Wednesday leaving interest rates unchanged and indicating the rates will stay low for some time to come.
The Fed’s benchmark interest rate remains steady in a range of 0 percent to 0.25 percent.
The Fed “continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period,” according to a statement released after the meeting. Despite rising energy and commodity prices, “the committee expects that inflation will remain subdued for some time,” the statement says.
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LONDON (Reuters) - World stocks slipped on Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding to concerns about the sustainability of a recent recovery.
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The Federal Reserve didn't surprise investors but still left them disappointed. Stocks ended mixed today but mostly higher after the Fed said the economy was on the mend. However...
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Jun 24th, 2009 | WASHINGTON -- The Federal Reserve signaled Wednesday that the weak economy likely will keep prices in check despite growing concerns that the trillions it's pumping into the financial system will ignite inflation.
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WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke must find a convincing way to explain why his central bank is in no hurry to raise interest rates even though the economy is stabilizing.
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