FOMC still sees rates low at least thru late 2014; keeps target FF at 0-25bp

Market news

13 March 2012

FOMC still sees rates low at least thru late 2014; keeps target FF at 0-25bp

Maintains econ outlook is "expanding moderately", infl subdued but notes oil,gas prices 'have increased lately.'
Recent oil,gas rise to increase infl 'temporarily'.
Says labor mkt conditions improved further, unemp rate declined 'notably' in recent mos but still
elevated.
Strains in global fin mkts have eased but pose signif downside risks to outlk.
FOMC expects to maintain 'highly accommodative stance' to support recovery.

The dollar rose after the announcement of the almost unanimous decision of the Federal Reserve

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