Wednesday, March 17, 2010
The Federal Reserve has renewed its commitment and has decided to keep key interest rates near zero for an extended period. However it would no more buy mortgage-backed securities at the end of March.
The housing starts have been flat at depressed levels and the employers remain reluctant to add to payrolls as a reason for extending the cap on interest rates, says the Federal during the regular meeting which began on Tuesday.
According to the Federal open market committee statement, the committee would continue to monitor the economic outlook and financial developments and would employ its policy tools as necessary to promote economic recovery and price stability.
The housing starts have been flat at depressed levels and the employers remain reluctant to add to payrolls as a reason for extending the cap on interest rates, says the Federal during the regular meeting which began on Tuesday.
According to the Federal open market committee statement, the committee would continue to monitor the economic outlook and financial developments and would employ its policy tools as necessary to promote economic recovery and price stability.
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posted by Real Estate Investing @ 11:44 PM
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