Topic: Federal Open Market Committee
US consumer prices flat in February
AFP American Edition
US consumer prices were flat in February, restrained by lower fuel prices, the government said Thursday. The consumer price index, a measure of the average change in prices of goods and services purchased by households, was unchanged from 0.2 percent in January, the Labor Department said. Most analysts had ...
Fed maintains low rates, upgrades view on US economy
AFP Global Edition
The Federal Reserve has maintained record low interest rates but offered a modest upgrade to its view of the US economy still dogged by high unemployment and tight credit. After a one-day meeting Tuesday, the central bank's policy body voted 9-1 to keep the federal funds rate -- at which ...
PIMCO: End of mortgage buys form of tightening
Reuters US Online Report Business News
NEW YORK (Reuters) - The end of the Federal Reserve's program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday. Mohamed El-Erian, chief executive and co-chief ...
Fed maintains rates at record lows
AFP Global Edition
The Federal Reserve on Tuesday maintained record low interest rates in the hope of stimulating a still fragile US economic recovery, dogged by high unemployment and tight credit. After a one-day meeting, the Federal Open Market Committee (FOMC) voted 9-1 to keep the federal funds rate -- at which banks charge ...
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