Fed Holds Rates Steady, Surprises No One

Filed under: Economic Data

The news is out, the Federal Reserve decided to leave its key interest rate and the size of its bond purchase program unchanged. This move should surprise very few, with the tepid reaction from investors serving as evidence. The Fed funds rate remains in its all-time low range of 0 to 0.25%, its perch since December 2008. The move was not unanimous, as Thomas Hoenig, President of the Kansas City Fed, dissented with a warning that a large stimulus could lead to inflationary expectations that could in turn choke off any economic recovery.

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Fed Holds Rates Steady, Surprises No One originally appeared on BloggingStocks on Tue, 14 Dec 2010 17:20:00 EST. Please see our terms for use of feeds.

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