Fed Keeps Rates Unchanged as Expected

The Fed holds rates policy unchanged as expected and reaffirms promise to keep rates exceptionally low for an “extended period”.

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 of the federal funds rate for an extended period.