The Federal Reserve said on Wednesday it would leave interest rates unchanged at a range between zero and 0.25%, and that economic activity would remain weak for “some time” before growth resumes. The Fed said it was proceeding with its $300bn Treasury purchase plan and would “continue to evaluate” the timing and amounts of its purchases. There were few surprises for markets in the announcement and the initial response in forex and bond markets was relatively muted.

This entry was posted by Gwen Robinson on Thursday, June 25th, 2009 at 5:18 and is filed under Capital markets. Tagged with federal reserve. Edit this entry.