US FOMC Holds Fed Funds Rate at 0 to 0.25%

The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and made no changes in regards to its completed quantitative easing programs. The Fed noted: "The Committee currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally...