The Fed keeps cost of borrowing down and says crisis is easing
Summary
THE Federal Reserve held the cost of borrowing steady yesterday even though futures markets point to higher rates down the road and said the US economic slump was easing.
Concluding a two-day monetary policy meeting, the world's most powerful central bank also said it had decided to hold the benchmark federal funds rate in a zero to 0.25per cent range - the level reached in December - and soothed fears in financial markets by adding that they would likely remain unusually low for some time.See the full content of this document
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The Fed keeps cost of borrowing down and says crisis is easing
Markets like cheap money because it helps business expansion and keeps mort...
See the full content of this document