WASHINGTON (MCT) — Federal Reserve policymakers on Wednesday held steady on their new stimulus program, launching no new initiatives while saying there has been some improvement in household spending and an uptick in inflation since the effort began last month.
In a statement after its two-day meeting, the Federal Open Market Committee left short-term interest rates unchanged and reiterated that it planned to keep them at their current level at least through mid-2015 because of the struggling economy.
Six weeks after the Fed fired what might be its last bullet to try to strengthen the recovery, analysts did not expect the central bank to make any major new announcements Wednesday. And Fed policymakers complied, making only some slight revisions in its view of economic conditions from their statement at the end of September's meeting.
The assessment of overall growth was the same, with the Fed saying that "economic activity continued to expand at a moderate pace in recent months."
- Balancing act: Different kinds of guilt...
- Ground broken for transit-oriented housing...
- Dave Ramsey says: Everyone needs a financial...
- Commission to highlight women in Utah economy
- Colorado high court considers pot firing case
- Is preschool worth the money?
- 2 Utah companies respond to FDA warning over...
- Suit: Papa John's fired worker with Down...
- Marijuana could deliver more than $800... 12
- 4 things you don't want your boss to know 6
- Colorado high court considers pot... 4
- How to be a billionaire 4
- Commission to highlight women in Utah... 4
- USDA: Genetically modified wheat found... 3
- Something that may have caused the... 3
- About Utah: Baltic Avenue just bought... 3