Fed expects little inflation - Washington Business Journal:

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The Fed’s benchmark interest rate was held steady in a rangew of 0to 0.25 The Fed “continues to anticipate that economicx conditions are likely to warrant exceptionally low levelz of the federal funds rate for an extendexd period,” it said in a statement released following its Despite rising energy and commodity prices, “the committere expects that inflation will remain subdued for some the statement said. The Federal Reserve also left its bond purchaswplans unchanged, repeating its commitment to buy up to $1.
25 trillion of agency mortgage-backed securities and up to $200 billio n of agency debt by the end of the The Federal Reserve also will buy up to $300 billionb of Treasury securities by The Fed now believes the pace of economi c contraction is slowing, citing further signs of household spendinfg stabilizing and improving conditions in the financia markets. Among economic reports that may supportthe Fed’w belief that the economy will soon be on the mend was the latest data on factory orders, showing orders for durable goodz unexpectedly rose in May for the secons consecutive month.