"The latest FOMC Policy Statement was just posted. According to the statement, the Fed believes that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the FOMC had expected. However, the FOMC expects that the pace of the recovery will pick up over coming quarters. They did not actually trim the forecast, as some had speculated.
"Additionally, the FOMC continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period of time. As such, the FOMC has kept its target rate at 0.00% to 0.25%. The Fed is still planning to complete its purchase of $600 billion of longer-term Treasuries by the end of this month."
More: http://finance.yahoo.com/marketupdate/overview?u
"Additionally, the FOMC continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period of time. As such, the FOMC has kept its target rate at 0.00% to 0.25%. The Fed is still planning to complete its purchase of $600 billion of longer-term Treasuries by the end of this month."
More: http://finance.yahoo.com/marketupdate/overview?u