Bonds Move Little, As Fed Leaves Rates Unchanged:

Bonds move little, as Fed leaves rates unchanged: This may have been one of the most uninteresting FOMC meetings in quite some time, as interest rate traders had already correctly factored-in the continued "pause" in the Fed's tightening campaign. In its statement released after the rate announcement, the Fed mentioned the continued moderation in economic growth, due to the slowdown in the US housing market. However, the committee members continue to see some inflation risks remaining, and have left opening the possibility of future rate increases if upcoming data regarding inflation and economic growth warrant it. Treasury futures posted very moderate gains this afternoon, with traders seeing little in today's announcement to alter near-term expectations. December Treasury Bonds closed at 111-07, up 0-04. Read More....