Fed holding rates, unwinding liquidity
February 8th, 2010
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The Federal Open Market Committee wrapped up its two-day meeting today, holding rates steady and indicating that will remain the case. Specifically, the Fed made no changes to its much followed statement about “exceptionally low levels of the federal funds rate for an extended period.”
The statement did reaffirm the Fed’s commitment to reel in some of the liquidity with several facilities set to expire on schedule Feb. 1 and the Term Auction Facility now slated to sunset on March 8.
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