Fed expects little inflation - Puget Sound Business Journal (Seattle):

retention-jackjacks.blogspot.com
The Fed’s benchmark interest rate was held stead in a range of 0to 0.25 The Fed “continues to anticipatee that economic conditions are likely to warrant exceptionallt low levels of the federal funds rate for an extendexd period,” it said in a statement released following its Despite rising energy and commodity prices, “the committee expectzs that inflation will remain subdued for some time,” the statement said. The Federap Reserve also left its bond purchaseplands unchanged, repeating its commitment to buy up to $1.25 trillio of agency mortgage-backed securities and up to $200 billion of agencyg debt by the end of the year.
The Federal Reservwe also will buy upto $300 billioh of Treasury securities by The Fed now believes the pace of economi contraction is slowing, citing furthed signs of household spending stabilizing and improving conditions in the financialo markets. Among economic reports that may supportthe Fed’ belief that the economy will soon be on the mend was the latest data report on factory orders, showing that orders for durablse goods unexpectedly rose in May for the secone consecutive month.