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S&P Credit Research656 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | As universally expected, the Federal Reserve's Open Market Committee (FOMC) held the federal funds rate at its current 0.00% to 0.25% range at its two-day meeting ended today. The Fed kept the phrase "are likely to warrant exceptionally low levels of the federal funds rate for an extended period" in its statement. But this time, the committee noted that it anticipates that particular economic conditions "including low rates of resource utilization, subdued inflation trends, and stable inflation expectations" will warrant this action. The statement said that economic activity "has continued to pick up." The statement also kept the phrase "inflation will remain subdued for some time." In addition, the FOMC said that the Fed will purchase "about $175 billion of
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
