The Federal Reserve Open-Market Committee meeting, as expected, ended today with no announcement of any action, a Fed spokesman said.
``No action was expected by the Fed, so I don't think this is a surprise,'' said Richard E. Ballsrud, director-fixed income investments, Clifton Group.
In the markets today, long-term rates rose about 75 basis points and short-term rates rose about 3 basis points, the rise probably in reaction to housing data, showing starts quite strong, he added.
The next Federal Open Market Committee meeting is Feb. 4.
