| It's Unlikely that the Federal Reserve Board will Raise Interest Rates This Year, Economists Say |
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A recent quarterly survey by the Associated Press news service finds that three out of four economic experts think it's unlikely the Federal Reserve Board will be
making a seismic policy shift anytime soon, meaning interest rates are unlikely to go up this year.
Current economic indicators, including the overall sluggish economy, high unemployment rate and no foreseeable great rise in home values, are factors that lead experts to believe that the Feds will be reluctant to make any aggressive changes in policy anytime soon.
While many of the nation's leading economic indicators appear to have turned up,
economic experts responsible for identifying changes in the U.S. business cycle say it's "premature" to
say whether the recession that began in 2007 has actually ended.
Read more in the press release from Cambridge Realty Companies.
Posted on May 08, 2010 13:39:31 by Scott.Shields
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