The Fed isn't upping interest rates, which was predicted, but it doing so unanimously. That is of perhaps a little note - there have been some dissenters over the course of the past two years. However, it's worth noting that the Fed also announced that its liquidity programs would for the most part disappear by February:
In light of ongoing improvements in the functioning of financial
markets, the Committee and the Board of Governors anticipate that most
of the Federal Reserve’s special liquidity facilities will expire on
February 1, 2010, consistent with the Federal Reserve’s announcement of
June 25, 2009. These facilities include the Asset-Backed Commercial
Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper
Funding Facility, the Primary Dealer Credit Facility, and the Term
Securities Lending Facility. The Federal Reserve will also be working
with its central bank counterparties to close its temporary liquidity
swap arrangements by February 1. The Federal Reserve expects that
amounts provided under the Term Auction Facility will continue to be
scaled back in early 2010. The anticipated expiration dates for the
Term Asset-Backed Securities Loan Facility remain set at June 30, 2010,
for loans backed by new-issue commercial mortgage-backed securities and
March 31, 2010, for loans backed by all other types of collateral. The
Federal Reserve is prepared to modify these plans if necessary to
support financial stability and economic growth.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.
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