Fed holds rates, no QE3 announcement
Written by Adam Button
April 25, 2012 at 16:32 GMT
Written by Adam Button
April 25, 2012 at 16:32 GMT
- FOMC keeps Fed funds target rate at 0-0.25%
- Lacker the lone dissenter again
- Economy ‘expanding moderately’
- Growth to stay moderate ‘then to pick up gradually’
- To keep rates exceptionally low at least through late 2014 (same as prior)
- No further comment about the end of Operation Twist
- Inflation has picked up somewhat mainly due to higher energy
- Despite signs of improvement, housing remains depressed