Tuesday, March 16, 2010

Farm Economy News

Putnam photo

Federal Reserve Leaves Rates Unchanged

Washington--The Federal Reserve left its benchmark interest rates near zero this afternoon because of weak economic indicators, another sign that that United States is still slowly pulling itself out of the recession.
The Federal Open Market Committee left the Federal Funds target at zero to 0.25 percent, where it's been since December 2008. As it has said since March 2009, the committee said the rate was likely to remain "exceptionally low" for "an extended period." Some economists think that the Fed won't start tightening monetary policy until later this year at the soonest.
Farm Economists think that credit will remain tight this lending season and should remain that way until after harvest.

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