Fed expected to hold rate, let bond-buying program expire

08/12/2009 | Reuters

As the Federal Reserve's two-day meeting comes to a close and indications mount that the economy is starting to recover, the central bank is expected to allow its program for purchasing Treasuries to expire and keep its benchmark interest rate close to zero. Fed officials are expected to stick with Chairman Ben Bernanke's outlook that the economy will stabilize and then experience slow growth the remainder of this year.

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