U.S. Federal Reserve to Keep Interest Rates Unchanged More Optimistic View on the Economy(1/29/2010)

Yesterday U.S. Federal Reserve announced that a longer period of time will keep interest rates unchanged and said the U.S. economy outlook slightly more optimistic than before. Europe and the United States stock market took a rebound.

Yesterday, the Fed sent a statement to the newspaper, in the copies of the statement, the Fed said: "Although the real economy will likely slow recovery for some time, the Federal Reserve forecast in the next period of time the inflation rate is likely to be inhibited. In these circumstances would can guarantee that the Fed 0 ~ 0.25% of the ultra-low interest rates to extend the execution time. "

The Fed also said household spending was a modest growth, but the labor market weak, moderate income growth, housing prices continue to decline as well as the status of the credit crunch will lead to growth in household spending be curbed.

It is noteworthy that the Fed on "economic activity continued to strengthen," the judge than the previous statement that economic activity is only "continue to heat up" the wording of a slight upgrade.

In response, Lu political commissar, chief economist at Industrial Bank comments that the U.S. liberal policy lasted longer, the U.S. economy, more stable recovery is guaranteed. Ultra-resulting in the probability of the expected policy shift is also higher, which means that America future rate hikes could come at any time.
(Author Mosaic and Tile, China Leiyuan 1/29/2010)

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