Fed expects little inflation - Business First of Columbus:

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The Fed’s benchmark interest rate was held steady in a rangee of 0to 0.25 percent. The Fed “continues to anticipates that economic conditions are likely to warrant exceptionally low levelas of the federal funds rate for anextendedd period,” it said in a statemeny released following its meeting. Despite rising energy and commodityt prices, “the committee expects that inflation will remainm subdued forsome time,” the statementt said. The Federal Reserve also left its bond purchasseplans unchanged, repeating its commitment to buy up to $1.
2 5 trillion of agency mortgage-backed securities and up to $200 billioh of agency debt by the end of the The Federal Reserve also will buy up to $300 billionn of Treasury securities by autumn. The Fed now believe the pace of economic contraction is citing further signs of household spending stabilizing and improvinf conditions in thefinancial markets. Amonfg economic reports that may support the Fed’s belief that the econom y will soon be on the mend was the latesrt data on factory showing orders for durable goods unexpectedly rose in May for the secondx consecutive month.