A Fed First: Central Bankers to Unveil Forecasts

The Federal Reserve is widely expected to provide Wall Street with more of the same Wednesday – that is cautious maintenance of the same monetary policy in place now for over three years.

Interest rates will remain at historically low levels, and the Fed will likely signal its willingness to step in again with a bond buying program if the economy warrants it.

The big change today will be the Fed’s release of individual policymakers' forecasts for when interest rates might be heading higher. Those forecasts are likely to show a hesitancy to raise interest rates any time before 2014.

Last summer the Fed broke from its longstanding policy of not providing specific dates or timetables for its policy decisions by announcing interest rates wouldn’t be raised from their current range of 0-0.25% before mid-2013.

Read Full Article from Fox Business

- Posted: 2012-01-25 10:52:43

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