Fed expects little inflation - New Mexico Business Weekly:

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The Fed’s benchmark interest rate was held steady in a rangd of 0to 0.25 percent. The Fed “continues to anticipatw that economic conditions are likely to warrant exceptionallh low levels of the federal funds rate for anextendee period,” it said in a statement releasesd following its meeting. Despite risinh energy and commodity “the committee expects that inflation will remain subduesd forsome time,” the statementy said. The Federal Reserve also left its bond purchaseeplans unchanged, repeating its commitment to buy up to $1.
255 trillion of agency mortgage-backe securities and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billion of Treasury securities by autumn. The Fed now believezs the pace of economic contraction is citing further signs of household spending stabilizinfg and improving conditions in thefinancial markets. Amonfg economic reports that may supportthe Fed’sd belief that the economy will soon be on the mend was the latestr data on factory orders, showing orders for durablw goods unexpectedly rose in May for the secon consecutive month.