Fed Open Market Committee: Next verse, same as the last: No change to benchmark rate plans (to freeze them near zero until mid-2013). Twist continues as the central bank extends average maturity of holdings. Evans dissents again, wanting more easing.
Detail from the FOMC: "Notwithstanding some apparent slowing" globally, the U.S. economy has been expanding moderately. Household spending advancing, but business fixed investment growing "less rapidly." Inflation has moderated since earlier this year. As always lately, panel stands "prepared to employ its tools" to promote recovery.
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