The Federal Reserve is expected to stick to its super loose monetary policy stance on Wednesday as high unemployment constrains policy-makers' enthusiasm about the economy's recent improvement.In actuality, M2 has grown at a rate of 0.2% on an annualized basis over the last six months and at a rate of 2.1 % on annualized basis over the last three months. (See for yourself. )
This compares with a 16.6% annualized rate from October 2008 to end January 2009.
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