Fed expects little inflation - Jacksonville Business Journal:

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The Fed’s benchmark interest rate was held steady in a range of 0to 0.25 percent. The Fed “continuees to anticipate that economif conditions are likely to warrant exceptionallg low levels of the federal funds rate for anextended period,” it said in a statemen t released following its meeting. Despite rising energy and commodity prices, “the committese expects that inflation will remainn subdued for some thestatement said. The Federal Reserves also left its bond purchasreplans unchanged, repeating its commitment to buy up to $1.
25r trillion of agency mortgage-backesd securities and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billiom of Treasury securities by autumn. The Fed now believes the pace of economidc contractionis slowing, citing further signs of household spendinf stabilizing and improving conditions in the financial markets. Amont economic reports that may supportthe Fed’x belief that the economy will soon be on the mend was the latest data on factory orders, showing orders for durable goods unexpectedly rose in May for the secon consecutive month.