Fed Likely to Reaffirm Guidance on Rates

The Federal Reserve is widely expected to keep its options open while maintaining low interest rates after it concludes its two-day meeting Wednesday and releases an update on the economy looking ahead.

There is essentially no chance the members of the Federal Open Market Committee, which sets most central bank policy, will raise interest rates above the historically low range -- 0%-0.25% --where they’ve been for over three years now.

“Obviously they’re going to stay pat. There will be no change to monetary policy,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “We’ll continue to get the same rhetoric.”

Cardillo said the Fed will likely acknowledge “slightly weaker” economic growth, but won’t hint at how they are leaning in terms of another round of fiscal easing.


Read more: http://www.foxbusiness.com/economy/2012/04/25/fed-likely-to-reaffirm-guidance-on-rates/#ixzz1t4LFZMPh

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- Posted: 2012-04-25 10:52:19

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