Summary
THE Federal Reserve said yesterday the US economic recovery was starting to build up steam and restated its intention to keep borrowing costs near zero for "an extended period".
The US central bank's Federal Open Market Committee kept the benchmark federal funds rate unchanged in a range of zero to 0.25per cent, and said the economy had "continued to pick up" since its last policy-setting meeting in September.See the full content of this document
Extract
Us Federal Reserve Intends 'Extended' Low Rates Period
It also said the housing market has grown stronger, a key ingredient to a sustained recovery.
The Fed sai...See the full content of this document
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