Thursday, March 15, 2012
Fed Renews Vow to Keep Rates Low
The Federal Reserve sounded more upbeat about the direction of the economy, citing signs of an improving job market and increased household spending, according to a statement released after the Fed’s annual policy-making committee meeting.
The Fed said they expect “moderate economic growth,” but threats still remain, such as a sluggish housing market. The Fed renewed its commitment at the meeting to keep interest rates at record-lows. Read More Here...