Fed set to hold low rates as economy struggles | The Daily Star
12:00 AM, June 23, 2010 / LAST MODIFIED: 12:00 AM, June 23, 2010

Fed set to hold low rates as economy struggles

The US Federal Reserve opens a two-day meeting yesterday set to leave ultra-low interest rates unchanged amid weak US jobs growth and renewed concerns about the strength of the economic recovery.
With the Federal Open Market Committee (FOMC) almost certain to leave the central bank's target federal funds rate between zero and 0.25 percent, the post-meeting statement on Wednesday is expected to be center of attention.
"There was once a time when the intrigue surrounding the FOMC meeting had everything to do with the eventual decision on interest rates," said Patrick O'Hare, chief market analyst for Briefing Research.

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