“To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens,” according to the Fed.
Additionally, the Fed acknowledges that the current inflation rate below 2% could pose risks to the economic recovery, but it is confident inflation levels will move back to normal over the mid-term.
The benchmark 10-year Treasury yield was up five basis points to 2.65% Wednesday. The iShares Barclays 7-10 Year Treasury ETF (NYSEArca: IEF) was down 0.2%.
Gold futures declined 1.2%, trading around $1,309 per ounce. The SPDR Gold Shares (NYSEArca: GLD) was also down about 1.1%.
For more information on the broad markets, visit our S&P 500 category.
Max Chen contributed to this article.