FOMC says economic contraction is slowinghttp://www.fxstreet.com/fundamental/interest-rates/fomc-says-economic-contraction-is-slowing/Fundamental Analysishttp://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7FOMC says economic contraction is slowinghttp://www.fxstreet.com/fundamental/interest-rates/fomc-says-economic-contraction-is-slowing/2009-06-24.htmlThe FOMC elected to hold rates unchanged as expected, to maintain the current level of bond purchases and said deflation is no longer a concern. The FOMC said interest rates would remain low for an extended period. The FOMC said that inflation is likely to remain subdued for some time and noted that the pace of the economic contraction has slowed. In the April policy statement the FOMC said the pace of economic contraction appeared to be somewhat slower. The FOMC did not discuss an exitWed, 24 Jun 2009 19:04:26 GMThttp://www.fxstreet.com/fundamental/interest-rates/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/fundamental/interest-rates/fomc-says-economic-contraction-is-slowing/2009-06-24.html