The Federal Reserve is likely to keep interest rates near zero when it ends its two-day meeting on Wednesday, say economic researchers. It is also predicted that the Fed will not slowdown its lending and bailout programs.
Peter Morici, professor of economics at the University of Maryland, says, “The Fed normally anticipates the recovery by raising rates, taking away the punch bowl just as the party gets interesting. But this is not a normal recovery. It’s tepid and weak.”
Source: CNNMoney.com, David Goldman (09/21/2009)
© Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission.”
© Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission.”
