The Feds said that they vowed to keep rates low for at least the next two years. This is great for home news buyers. How will it affect the economy?
Fed officials “are very nervous about the economy,” says Mark Zandi, chief economist at Moody’s Analytics. “This is unprecedented for the Fed to indicate they are ready to keep rates low for two more years.”
See the full story: Fed says it will hold rates fast until mid-2013
The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the U.S. economy is weaker than it had thought with increasing risks.