CHICAGO (Dow Jones)--U.S. interest rate futures prices rose sharply Thursday, as it became more apparent that the Federal Reserve won't make major changes to its easy borrowing policy anytime soon.

In particular, traders - less optimistic about an economic recovery - envision the Federal Open Market Committee will keep the key short-term fed-funds rate at its lowest-ever target range of 0% to 0.25% for an indefinite period.

Read the whole story on Wall Street Journal or try our Toolbar
Bookmark and Share

Related stories from top sites:

  • Fed's Bullard says policy to stay loose for awhile

    Jun 21st, 2009 - Reuters

    PHILADELPHIA (Reuters) - Very accommodative Federal Reserve monetary policy will stay for an extended period and a premature exit from this strategy could thwart U.S. economic recovery, a top Fed official said on Tuesday. But St...

  • BG pays $1.3 bln for US shale gas JV with Exco

    Jun 21st, 2009 - Reuters

    * BG to buy 50 percent stake in joint venture * Entry for British firm into shale gas * Latest in flurry of M&A in the sector (Recasts lead, adds shares, background) LONDON...

  • Washington to California: Drop dead

    Jun 21st, 2009 - POLITICO.com

    With California’s state government deadlocked over a $24 billion hole in its budget, the Golden State is hurtling toward financial apocalypse. Washington’s response? Deal with it yourselves.

  • Stocks Lose Ground for Second Straight Week

    Jun 21st, 2009 - Washington Post

    Stocks languished yesterday, closing nearly flat, as investors locked in profits for the week and remained cautious about the economic recovery. After surging 2 percent Thursday...

  • How to Get The Fed Out Of Its 'Box'

    Jun 21st, 2009 - Wall Street Journal

    When the Federal Open Market Committee meets this Tuesday and Wednesday, the Federal Reserve will face a serious dilemma. Since the last committee meeting six weeks ago, the 10-year U.S...

More stories ...

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.