Cannon Trading Futures Blog: Daily Support and Resistance Levels

  NEW YORK (Dow Jones)--The following is the verbatim text of the
Federal Reserve's decision on interest rates released Wednesday,
March 21:
  The Federal Open Market Committee decided today to keep its target
for the federal funds rate at 5-1/4 percent.
  Recent indicators have been mixed and the adjustment in the
housing sector is ongoing. Nevertheless, the economy seems likely
to continue to expand at a moderate pace over coming quarters.
  Recent readings on core inflation have been somewhat elevated.
Although inflation pressures seem likely to moderate over time,
the high level of resource utilization has the potential to
sustain those pressures.
  In these circumstances, the Committee's predominant policy concern
remains the risk that inflation will fail to moderate as expected.
Future policy adjustments will depend on the evolution of the
outlook for both inflation and economic growth, as implied by
incoming information.
  Voting for the FOMC monetary policy action were: Ben S. Bernanke,
Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig;
Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S.
Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh.