Wednesday, June 22, 2011

Fed Maintains Current Fed Funds Range; No QE3

As expected, the Fed will maintain the current Fed funds range at 0% to 0.25%.

Developing...

UPDATE: At present, the Fed funds rate is 0.09%

UPDATE2: The Fed statement shows that the Fed will not conduct a QE3 at the current time.

at 12:32:00 PM

2 comments:

  1. AnonymousJune 22, 2011 at 12:57 PM

    Statement says inflation will settle below a level consistent with the Fed's mandate. Therefore, they are hinting at possible inflationary action.

    ReplyDelete
  2. Bob EnglishJune 22, 2011 at 1:30 PM

    Reinvestment into Treasurys of proceeds from maturing Agency and principal payments on MBS will continue (QE Lite). According to the new LSAP FAQ at FRBNY, there will be 7 such POMOs per month.

    http://www.newyorkfed.org/markets/lttreas_faq.html

    Two had been previously scheduled for July 6 and 11, in the range of $2.5 to $3.5 Billion each.

    ReplyDelete

Subscribe to: Post Comments (Atom)