{"id":23033,"date":"2011-08-09T14:31:00","date_gmt":"2011-08-09T18:31:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=c65b5a510b3dc1036fef7a8f35835916"},"modified":"2011-08-09T14:31:00","modified_gmt":"2011-08-09T18:31:00","slug":"us-fomc-holds-fed-funds-rate-at-0-to-0-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/09\/us-fomc-holds-fed-funds-rate-at-0-to-0-25\/","title":{"rendered":"US FOMC Holds Fed Funds Rate at 0 to 0.25%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.federalreserve.gov\/\" style=\"color: #3778cd; text-decoration: none;\" >US Federal Open Market Committee<\/a>&nbsp;(FOMC)&nbsp;held the fed funds rate unchanged at 0 to 0.25 percent, and made no changes in regards to its completed quantitative easing programs. &nbsp;The Fed <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/press\/monetary\/20110809a.htm\">noted<\/a>: &#8220;The Committee currently anticipates that economic conditions&#8211;including low rates of resource utilization and a subdued outlook for inflation over the medium run&#8211;are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.&#8221; &#8211; dropping the &#8220;extended period&#8221; comment and instead expecting to hold the rate until 2013.<\/span><\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The Fed previously held the same&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/us-federal-reserve-holds-monetary.html\">monetary policy settings&nbsp;unchanged<\/a> at its June meeting. &nbsp;The US reported inflation of 3.6% in both June and May, up from 3.2% in April, as high commodity prices caused a broader increase in prices. &nbsp;Meanwhile the US economy grew 1.3% in Q2, compared to 0.4% in Q1 this year. &nbsp;On quantitative easing, the FOMC said: &#8220;The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. &nbsp;The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.&#8221;<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-6869157641942568957?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;US Federal Open Market Committee&nbsp;(FOMC)&nbsp;held the fed funds rate unchanged at 0 to 0.25 percent, and made no changes in regards to its completed quantitative easing programs. &nbsp;The Fed noted: &#8220;The Committee currently anticipates t&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23033","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23033"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}