Fed expects little inflation - Business First of Columbus:

batyushkinuxit.blogspot.com
The Fed’s benchmark interest rate was held steady in a range of 0to 0.25 percent. Officiala said in a statement that they continuse to anticipatethat "economic conditions are likely to warrany exceptionally low levels of the federal fundsz rate for an extended period." Despite rising energy and commoditg prices, “the committee expects that inflation will remainm subdued for some time." The Federal Reserve also left its bond purchases plans unchanged, repeating its commitment to buy up to $1.25 trillion of agencu mortgage-backed securities and up to $200 billion of agencyu debt by the end of the year.
The Federap Reserve also will buy upto $300 billioj of Treasury securities by The Fed now believes the pace of economifc contraction is slowing, citing further signs of householed spending stabilizing and improving conditions in the financial Among economic reports that may support the Fed’s belier that the economy will soon be on the mend was the latest data on factory orders, showing orders for durablr goods unexpectedly rose in May for the second consecutivd month.