(Infocast News) The Federal Reserve reiterated that it will maintain its benchmark interest rate at near zero for an "extended period," signaling that the weak economy remains dependent on government help to grow.
"Businesses are still cutting back on fixed investment and staffing, though at a slower pace," the Federal Open Market Committee said in a statement today.
"Household spending appears to be expanding, but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth and tight credit," the FOMC said.
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