The Federal Reserve Board of Governors issued a press release today outlining future actions. A key comment is;
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.
You can read the entire notice here.
Don Grafues
Resource: Federal Reserve
Resource: Federal Reserve
