Fed Holds Rate, Extends ‘Operation Twist’ Until End-2012
The U.S. Federal Reserve maintained the target for its key policy rate, the federal funds rate, at 0-0.25 percent and said it expected to maintain rates at these “exceptionally low levels” at least through late 2014. As expected, the Federal Reserve extended its policy of increasing the average maturity of its [...]
The U.S. Federal Reserve maintained the target for its key policy rate, the federal funds rate, at 0-0.25 percent and said it expected to maintain rates at these “exceptionally low levels” at least through late 2014.
As expected, the Federal Reserve extended its policy of increasing the average maturity of its securities — known as Operation Twist — by purchasing U.S. Treasuries worth $267 billion by the end of the year. Operation Twist was due to expire at the end … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards