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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 336.14+0.9%Dec 19 4:00 PM EST
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To: Boca_PETE who wrote (6909)1/25/2012 1:49:12 PM
From: gronieel21 Recommendation  Read Replies (3) of 10065
 
Fed pushes out low rate pledge to late 2014

The new commitment replaces the statement that economic conditions were likely to keep rates at the historic low range of 0% to 0.25% until at least mid-2013. The Fed made no policy steps, leaving the Fed’s key interest rate where it has been for three years.

In making the new projection, the central bank said the low rate of resource utilization and the subdued outlook for inflation over the medium term are likely to warrant the low rates for almost two more years.

marketwatch.com
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