WASHINGTON (MNI) – The following is a key excerpt from the latest
Federal Open Market Committee minutes, published Tuesday”
“Most members, however, agreed that stating a conditional
expectation for the level of the federal funds rate through mid-2013
provided useful guidance to the public, with some noting that such an
indication did not remove the Committees flexibility to adjust the
policy rate earlier or later if economic conditions do not evolve as the
Committee currently expects.”
** Market News International Washington Bureau: 202-371-2121 **
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