WASHINGTON: A jittery bond market and economic “green shoots” notwithstanding, the Federal Reserve is likely to reaffirm a commitment to keep pumping money into the economy to battle recession, analysts say.
The Federal Open Market Committee (FOMC) led by chairman Ben Bernanke is expected at a two-day meeting opening tomorrow to maintain its near-zero base interest rate along with a variety of programmes providing easy liquidity to the financial system.
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