US central bank's hints have fuelled some activity in the rates market
The US central bank has stuck to its course of keeping the
benchmark rate at near-zero levels, reaffirming its cautious
approach that it will raise interest rates in the future.
Following the Federal Open Market Committee (FOMC) meeting
on Wednesday Janet Yellen, chair of the Federal Reserve,
expects rates to stay low for a considerable time after its
bond-buying programme ends.
"The Committee continues to anticipate... it likely will be
appropriate to maintain the current target range for the
federal funds rate for a considerable time after the asset
purchase programme ends, especially if projected inflation
continues to run below the Committee’s 2%
longer-run goal," Yellen said in a statement.
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