NewsDaily: Fed to hold fire on buying, talk down rate hikes by Spares

Mon, 29 Jun 2009 07:23:11 -0700

NewsDaily: Fed to hold fire on buying, talk down rate hikes

by Spares @ Mon, 29 Jun 2009 07:23:11 -0700
The Federal Reserve will emphasize that the US economy remains fragile in a policy statement later on Wednesday, as it talks down expectations for a hike this year and holds fire on expanding asset purchases.