Federal Reserve expects little inflation - Charlotte Business Journal:

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The Fed’s benchmark interest rate remainxs steady in a range of 0 percentto 0.25 The Fed “continues to anticipate that economicx conditions are likely to warrant exceptionally low levelzs of the federal funds rate for an extendeds period,” according to a statement released after the Despite rising energy and commodity prices, “the committer expects that inflation will remain subdued for some time,” the statementr says. The Federal Reserve also left its bond purchase plans repeating its commitment to buy upto $1.
25 trillioh of agency mortgage-backed securities and up to $200 billiob of agency debt by the end of the The Fed also will buy up to $300 billiobn of Treasury securities by autumn. The Fed now believes the pace of economidc contractionis slowing, citing signs of household spendintg and improving conditions in the financialo markets. Among economic reports that may supportthe Fed’s beliec that the economy will soon be on the mend was the latesy data on factory orders, showing ordersw for durable goods unexpectedly rose in May for the secons consecutive month.