federal reserve

The Federal Reserve’s Open Market Committee met today, and it seems they’re keepin’ on keepin’ on. At least according to their release: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. Now, this is despite recognizing that...

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