Tuesday, 23 June 2009

Moneynews

Breaking News from Moneynews.com

Experts: Fed Will Stay Put, Try to Talk Down Long Rates
As the Fed begins a two-day meeting today, economists widely expect the U.S. central bank to hold its target for the federal funds rate in the zero to 0.25 percent range reached in December. The Fed is also not expected to ramp up asset purchases above an existing promise to buy $300 billion of longer-dated U.S. government bonds and $1.45 trillion of mortgage debt.
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