The Federal Reserve said today it would keep current interestrates at the same level through at least the middle of 2013.
The decision, which was made after a meeting of the Fed's OpenMarket Committee, was prompted by the central bank's desire to“promote the ongoing economic recovery and to help ensure thatinflation, over time.''
The Fed's target federal funds rate, currently between 0 and.25%, is the interest rate at which depository institutions lendbalances at the Federal Reserve to other depository institutionsovernight.
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