Fed likely to hold course on asset buying
(01-30 19:39)
Expectations are mounting that the US Federal Reserve policymakers will maintain asset purchases. They wrap up their two-day meeting today.
The US central bank is scheduled to make a statement at 2:15pm local time.
Following the last meeting of the Fed policymakers, the central bankers indicated that they could maintain near-zero interest rates provided that inflation does not exceed 2.5 percent.
Economists have noted that the Fed could loosen up only if they see improved economic data. Asset purchases are likely to continue until the employment numbers improve, as had been indicated by the Fed itself.
In December, the Fed committed to US$85 billion a month bond buys.
Meanwhile, the January jobs report is due on Friday. Unemployment is expected to remain at 7.8 percent.
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