SigmaForex Platform Headline Animator

Monday, January 18, 2010

Rates to stay low

The Federal Reserve kept its key interest rate near 0% and appeared ready to do so for the foreseeable future, after declaring Wednesday that despite signs of improvement, the nation's economy is likely to remain weak.

The fed funds rate is used as a benchmark to determine interest paid by consumers on credit cards and home equity loans, as well as the rate paid on many business loans.SGQKHSAP693E

No comments:

Post a Comment

Subscribe via email

Enter your email address:

Delivered by FeedBurner