Trading Now

Trading Now

Wednesday, August 12, 2009

Breaking News: Fed keeps rate unchanged

UNANIMOUS Meeting Outcome

Continuing constraints on economy
Fiscal and Monetary stimulus will stay the same to help price stability
Inflation will remain subdued
Mortgage market and private market remains constrained

Continue to purchase securities until end of October: 1.25 T MBS
300B of treasuries

Commodity prices have risen but substantial slack in resources
will use all available tools to promote recovery
Business' cutting back on investment

Economy likely to remain WEAK

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