fed minutes, 2011-04-27
The decisions by the FOMC at its March meeting to continue its asset purchase program and to maintain the 0 to 1/4 percent target range for the federal funds rate were in line with market expectations; nonetheless, the accompanying statement prompted a modest rise in nominal yields, as market participants reportedly perceived a somewhat more optimistic tone in the Committee's economic outlook, as well as heightened concern about inflation risks.
Sentiment: neutral
Topic: mp_interest_rate