The bond market remained stable on Thursday morning after the Federal Reserve kept interest rates unchanged on Wednesday, as bond exchange-traded funds stayed flat in early-morning trading.
The Fed kept rates at a 23-year high of between 5.25% and 5.5% on Wednesday as it strives to lower the 3.3% inflation rate to 2%.
“The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the agency said in a statement on Wednesday.
But policymakers have said they will start lowering rates once they are assured that inflation is heading toward the 2% target. ...Full story available on Benzinga.com
Related tickers: AGG, IUSB, FBND, VTEB.
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