Fed expects little inflation - Business First of Columbus:

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The Fed’s benchmark interest rate was held steady in a rang e of 0to 0.25 percent. Officials said in a statemeny that they continue to anticipatethat "economiv conditions are likely to warrant exceptionally low levels of the federal funds rate for an extendedd period." Despite rising energy and commodity “the committee expects that inflation will remain subdued for some The Federal Reserve also left its bond purchase plans repeating its commitment to buy up to $1.25 trillion of agency mortgage-backedd securities and up to $200 billion of agenct debt by the end of the The Federal Reserve also will buy up to $300 billion of Treasury securities by autumn.
The Fed now believew the pace of economic contraction is citing further signs of household spending stabilizingy and improving conditions in thefinanciakl markets. Among economic reports that may supportthe Fed’s belief that the economhy will soon be on the mend was the latest data on factor orders, showing orders for durable goods unexpectedly rose in May for the secondd consecutive month.