Fed keeps “extended period” language, slightly cuts agency debt plan

The Federal Open Market Committee just released its latest interest rate decision and statement. Rates were left unchanged, as expected, at a range of 0% to 0.25%. The Fed also held onto its language pledging to keep rates low for an “extended period.” One minor surprise: The Fed said it would reduce the size of its program to buy agency debt to $175 billion from the previously announced $200 billion. The Fed said the move “reflects the limited availability of agency debt.” It kept its MBS buying program target at $1.25 trillion. The vote for the policy actions was unanimous.

1. Federal Reserve buying up to $300 billion in long-term Treasuries, up to $750 billion extra in agency MBS, plus another $100 billion in GSE debt The latest meeting of the Federal Open Market Committee just wrapped up. Policymakers maintained the official target for the federal...
2. Fed keeps rates unchanged, doesn’t change debt purchase targets, gives no clarity on “exit strategy” The Federal Open Market Committee left its interest rate target unchanged at 0% to 0.25%. Also, the Fed left its...
3. Fed keeps rates stable, MBS/Treasury buying targets unchanged; Bonds crushed The Federal Open Market Committee just wrapped up its latest policy meeting. Noteworthy: The Fed left its mortgage backed security...