Pending Economic Stimulus
September 18, 2010 Leave a comment
We are at a turning point for monetary policy. Interest rates will stay low and the Federal Reserve may expand the money supply if the economic indicators look bad. This suggests no early hope for a significant economic recovery that would benefit Coral Gables and the region.
The Federal Reserve next week is likely to affirm its pledge to keep interest rates low for an “extended period” and maintain the floor on its holdings of securities, say economists surveyed by Bloomberg News.