The U.S. Federal Open Market Committee (FOMC) left the target range for the federal funds rate at 1.5-1.75 percent, in line with the futures’ market expectations. It was also stated that the current policy “…is appropriate to support sustained expansion of economic activity, strong labor market conditions and inflation returning to the FOMC’s symmetric 2 percent objective.” Support of the repo market will also continue, at least through April. Click here to read the entire AP