WASHINGTON — The Fed will continue open-ended programs to purchase longer-term treasuries at a rate of $45 billion per month and mortgage-backed securities at a $40 billion per month clip, the Federal Open Market Committee said in a statement released Wednesday following the FOMC's two-day meeting.

The FOMC also decided to keep the target range for the federal funds rate at zero to 0.25% and said it currently anticipates that exceptionally low levels for the federal funds rate will likely be warranted as long as the unemployment rate remains above 6.5% and inflation is projected to be no more than 2.5%

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.