Fed is holding the rate constant at 5.25% again after today’s meeting. This was expected after not-so-strong economic predictions and cooling housing markets. However, at least one panel member (Jeffrey Lacker) voted for a quarter point increase in the rate (probably due to inflation worries?).
There is some speculation that the Fed might start cutting rate sometime next near.
Read more about it here on MSN.
Is it time to lock up on those CDs?
[Image courtesy: http://msnbc.msn.com/]
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