<!–TITOL: <h1 id=”titol”>FOMC Minutes of meetingFITITOL–>FXstreet.com (Jakarta) - On FOMC Minutes from the Fed’s April meeting, released today, showed that some Federal Reserve officials are open to raising the amounts of mortgage and Treasury securities purchase programs beyond the $1.75 trillion that they’ve already committed to buying.<br /><br />Officials, meanwhile, projected an even deeper recession than they expected three months earlier and a more sluggish recovery over the next two years as labor markets remain under pressure. <br /><br />As widely expected, the Fed kept the target federal funds for interbank lending in a range near zero at that meeting. In a statement, officials said rates will stay “exceptionally low…for an extended period” suggesting rates could stay where they are into next year. <br /><br />Policymakers also said in the policy statement three weeks ago that the economic outlook had improved “modestly” in the weeks since their March meeting, fanning hopes that the recession is in its final stages. Economic data have been mixed since late April, though, with some signs of stability in consumer and business surveys offset by ongoing weakness in spending and employment. <br /><br />For more information, read our latest <a href=”http://www.fxstreet.com/news/forex-news/”>forex news</a>.
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