“The U.S. Federal Reserve on Tuesday acknowledged recent signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
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CNBC.com
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The U.S. central bank described the economy as “expanding moderately,” unchanged from its January statement and said growth still faced significant downside risks.
Policymakers said the job market had improved but unemployment remains high, reiterating its expectation that rates would remain near zero until at least late 2014.
A quickening in the pace of U.S. jobs growth and a sharp drop in the unemployment rate to 8.3 percent from 9.1 percent in August has led some economists to rein in their expectations for a further easing of monetary policy.
The Fed said a recent spike in energy costs would likely push up inflation but only in the short run. Richmond Fed President Jeffrey Lacker again dissented against the decision, since he did not expect economic conditions to warrant ultra-low rates until late 2014….”
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