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Live from the Treasury lockup-FOMC statement

Wednesday, October 24, 2012 - 01:16

Oct 24 - Reuters Correspondent Pedro Da Costa brings you the Federal Reserve's statement following its 2-day policy meeting.

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I'm here at the treasury instruments -- reserve has just delivered its latest decision on interest rates. It really wasn't much of indecision there wasn't much new to be seen here. I'd better -- last month announced a new program and open ended bond buyers say it will continue until. Here's a significant improvement in the jobs outlook and so really his statement was simply an affirmation. That policy -- or -- and stressed that it intends to keep rates low and policy they're stimulant. Even as the recovery picks up which is an attempt by the Federal Reserve to give businesses that signaled that he should go out spend their money. There were a few tweaks and note in the Fed's language yeah. In particular. -- acknowledge recent signs that consumer spending. It argument not a proper housing sector that same time it noted that. Business investment appears to be trailing -- so really kind of Katrina that leaves -- still in the same place -- is a relatively weak economic recovery again no major surprised that it expected to be debating. Changes their communications policy but most analysts are not expecting any new announcements or at least several. I'm -- to console and were.

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Live from the Treasury lockup-FOMC statement

Wednesday, October 24, 2012 - 01:16