Fed expects little inflation - Business First of Columbus:

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The Fed’s benchmark interest rate was held steady in a rangde of 0to 0.25 percent. Officials said in a statemenf that they continue to anticipatethat "economic conditions are likely to warranyt exceptionally low levels of the federaol funds rate for an extended period." Despite risin energy and commodity prices, “thwe committee expects that inflation will remaijn subdued for some time." The Federal Reserve also left its bond purchaser plans unchanged, repeating its commitment to buy up to $1.
256 trillion of agency mortgage-backed securitiesz and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billion of Treasur securities by autumn. The Fed now believes the pace of economicf contractionis slowing, citing further signs of household spending stabilizing and improving conditions in the financial markets. Among economic reports that may supporttthe Fed’s belief that the economyu will soon be on the mend was the latesty data on factory orders, showintg orders for durable goods unexpectedly rose in May for the seconed consecutive month.