US Economics

US Economics Update
25 April, 2012

Fed content to play waiting game

The statement issued today after the two-day FOMC meeting indicates that the majority of Fed officials are content to wait and see how the US recovery develops. In particular, the statement reaffirmed the FOMC’s conditional commitment to leave the fed funds rate at near-zero until at least late 2014. There was no hint that the FOMC was considering extending Operation Twist or replacing it with any alternative stimulus in the second half of the year....

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