Fed expects little inflation - Washington Business Journal:

mytyhona.wordpress.com
The Fed’s benchmark interest rate was held steadu in a range of 0to 0.25 The Fed “continues to anticipate that economid conditions are likely to warrant exceptionally low levels of the federalp funds rate for an extender period,” it said in a statemen t released following its meeting. Despite rising energy and commoditu prices, “the committee expects that inflation will remain subdued for some thestatement said. The Federa Reserve also left its bond purchaseplanss unchanged, repeating its commitment to buy up to $1.
25 trilliob of agency mortgage-backed securities and up to $200 billionb of agency debt by the end of the The Federal Reserve also will buy up to $300 billiom of Treasury securities by The Fed now believes the pace of economic contraction is slowing, citing further signs of household spendingy stabilizing and improving conditions in the financiall markets. Among economic reports that may supportfthe Fed’s belief that the economy will soon be on the mend was the latestg data on factory orders, showin g orders for durable goods unexpectedlg rose in May for the second consecutivse month.