fed minutes, 2010-03-16
The changes to the terms for primary credit and the Term Auction Facility that were announced on February 18 resulted in a small increase in near-term futures rates, but this reaction proved short lived, as the statement and subsequent Federal Reserve communications--including the Chairman's semiannual congressional testimony--emphasized that the modifications were technical adjustments and did not signal any near-term shifts in the overall stance of monetary policy.
Sentiment: neutral
Topic: mp_interest_rate