HiFX Pty Ltd | FOMC leave rates steady at <0.25%
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FOMC leave rates steady at <0.25%


17 March 2010

The US Federal Reserve has repeated its pledge to keep interest rates at record lows in order to nurture the economic recovery. The Fed said its main interest rate would be kept at the current 0% to 0.25% range, as widely expected. Its rate-setting committee said that data on the US economy painted a mixed picture of the recovery from recession. That meant rates would remain at "exceptionally low levels... for an extended period", the committee said. It added that rates could be kept low because inflation was expected to remain subdued in the near future.

 

 

 

 

 

 


 

 


 

 

 




 

 

 

 


 


 

 

 












 






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