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Fed likely to keep key interest rate at record low

Source: Simi Valley - Moorpark Examiner
London : CA : USA | about 1 month ago  
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Wanting to nurture the recovery, the Fed is widely expected to keep the target range for its bank lending rate at zero to 0.25 percent. If it does, commercial banks' prime lending rate, used to peg rates on home equity loans, certain credit cards and other consumer loans, will stay at about 3.25 percent,...
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    News Source: Simi Valley - Moorpark Examiner | about 1 month ago
    Wanting to nurture the recovery, the Fed is widely expected to keep the target range for its bank lending rate at zero to 0.25 percent. If it does, commercial banks' prime lending rate, used to peg rates on home equity loans, certain credit cards and...
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