USA: FOMC holds rate policy steady at 0 to 0.25%

USA: FOMC holds rate policy steady at 0 to 0.25%http://www.fxstreet.com/fundamental/interest-rates/usa-fomc-holds-rate-policy-steady-at-0-to-025/Fundamental Analysishttp://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7USA: FOMC holds rate policy steady at 0 to 0.25%, prepared to buy treasuries if warranted, USD firmshttp://www.fxstreet.com/fundamental/interest-rates/usa-fomc-holds-rate-policy-steady-at-0-to-025/2009-01-29.htmlThe Fed elected to keep its target range unchanged at 0 to 0.25%. The Fed anticipates that economic conditions will warrant exceptionally low Fed funds rates for some time. The Fed says that the economy has weakened further since they met in December noting declining industrial production, housing starts, employment and businesses cutting back spending. The Fed said global demand has slowed significantly. The Fed expects gradual economic recovery later this year but notes significant downsideThu, 29 Jan 2009 14:12:46 GMThttp://www.fxstreet.com/fundamental/interest-rates/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/fundamental/interest-rates/usa-fomc-holds-rate-policy-steady-at-0-to-025/2009-01-29.html