federal reserve: Fed to keep interest rates low for now but they will raise them.
- 03/20/14 09:06 AM
After meeting for two days the Federal Reserve announced that it is keeping interest rates at historically low levels for the foreseeable future and is dropping a link between the interest rate and specific levels of unemployment. You can view the Fed Chairs comments here. Fed Chair Janet Yellen said "Unless inflation were a significant concern, we would never dream of raising the federal funds rate target." This is great news for our industry and here's why. As a mandate of policy, as unemployment falls, it fell to 6.5%, the Fed was going to raise interest rates as falling unemployment is a … (2 comments)
federal reserve: Is the housing market out of the woods or is another bubble forming?
- 10/01/13 06:59 AM
The U.S. housing market is making gains when tradtional wisdom says it shouldn't be. How is this possible if other global economies face dire straits and markets fluctuate so volatily daily? I remember exactly where I was in Septmember 2008 when the economic market crashed. I can recall telling a friend of mine, who was vested heavily in the stock market and real estate, that this will be the equivelant of our 1930's "Great depression. I predicted then and have been proven right thus far that it would be 2017/2018 before we fully recovered. It's already been 5 years since … (1 comments)
After meeting for two days the Federal Reserve announced that it is keeping interest rates at historically low levels for the foreseeable future and is dropping a link between the interest rate and specific levels of unemployment. You can view the Fed Chairs comments here.
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