If anyone doubted it, Chairman Bernanke said it himself at last week's historic press conference -- rates will stay at their current rock bottom level "for an extended period." Many economists are taking that to mean till the end of the year. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%-0.25%
| After FOMC meeting on: | Consensus |
| Jun 22 | 0%-0.25% |
| Aug 9 | 0%-0.25% |
| Sep 20 | 0%-0.25% |
Probability of change from current policy:
| After FOMC meeting on: | Consensus |
| Jun 22 | <1% |
| Aug 9 | 1% |
| Sep 20 | 3% |
From my weekly enewsletter INSIDE LENDING for Real Estate Pros, Week of May 2, 2011
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